California Legal Codes and Statutes

§ 24966.1

Amended by Stats. 1993, Ch. 877, Sec. 85. Effective October 6, 1993.

Section 1059A of the Internal Revenue Code, relating to limitation on taxpayer’s basis or inventory cost in property imported from related persons, shall apply, except as otherwise provided.

Cite this section

Cal. Rev. & Tax. Code § 24966.1 (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-special-rules-for-basis/section-24966.1

Other sections in Article 4 - Special Rules for Basis

§ 24961§ 24962§ 24963§ 24964§ 24965§ 24966§ 24966.1§ 24966.2

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