California Legal Codes and Statutes

§ 24954

Amended by Stats. 2000, Ch. 862, Sec. 208. Effective January 1, 2001.

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.

Cite this section

Cal. Rev. & Tax. Code § 24954 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-11-corporation-tax-law/chapter-15-gain-or-loss-on-disposition-of-property/article-3-nontaxable-exchanges/section-24954

Other sections in Article 3 - Nontaxable Exchanges

§ 24941§ 24941.5§ 24942§ 24943§ 24944§ 24945§ 24946§ 24947§ 24948§ 24949…§ 24949.5§ 24950§ 24950.5§ 24951§ 24952§ 24953§ 24954§ 24954.1§ 24955§ 24956

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