Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 24954 — Nontaxable Exchanges
Cal. Rev. & Tax. Code § 24954
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Date
- 2001-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
For taxable years beginning on or after January 1, 1995, Section 1042 of the Internal Revenue Code, relating to sales of stock to employee stock ownership plans or certain cooperatives, shall apply, except as otherwise provided.
Citator
Cal. Rev. & Tax. Code § 24954 — Nontaxable Exchanges is in force in the current edition of the Code, and nothing recorded condemns it.
For taxable years beginning on or after January 1, 1995, Section 1042 of the Internal Revenue Code, relating to sales of stock to employee stock ownership plans or certain cooperatives, shall apply, except as otherwise provided.