California Revenue and Taxation Code

§ 17855

RTC § 17855 Effective Jul 28, 1983Div. 2 · Part 10 · Ch. 10

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.

Legislative history

Repealed and added by Stats. 1983, Ch. 488, Sec. 61. Effective July 28, 1983.