California Legal Codes and Statutes

§ 24995

Added by Stats. 1988, Ch. 1465, Sec. 56. Effective September 28, 1988. Applicable to income years beginning on or after January 1, 1988, by Sec. 77 of Ch. 1465.

The provisions of Part VI of Subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to treatment of certain passive foreign investment companies, shall not be applicable.

Cite this section

Cal. Rev. & Tax. Code § 24995 (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-4-5-capital-gains-and-losses/section-24995

Other sections in Article 4.5 - Capital Gains and Losses

§ 24990§ 24990.1§ 24990.2§ 24990.4§ 24990.5§ 24990.6§ 24990.7§ 24990.8§ 24990.9§ 24991§ 24993§ 24995

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