Cal. RTC § 17855
This is the official text of Cal. RTC § 17855, part of California’s Revenue and Taxation Code — governs state and local taxation, including income and property tax.
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Official statutory text
The term “unrealized receivables,” as defined by Section 751(c) of the Internal Revenue Code, shall not include any of the following:
(a) Stock in certain foreign corporations, as described in Section 1248 of the Internal Revenue Code.
(b) Oil, gas, or geothermal property, described in Section 1254 of the Internal Revenue Code.
(a) Stock in certain foreign corporations, as described in Section 1248 of the Internal Revenue Code.
(b) Oil, gas, or geothermal property, described in Section 1254 of the Internal Revenue Code.
Status: in_force · Read it on the official government site
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