California Revenue and Taxation Code

§ 24361

RTC § 24361 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 7 · Art. 1

(a)For purposes of subsection (b), the amount of bond premium, in the case of the holder of any bond, shall be determined—

(1)With reference to the amount of the basis (for determining loss on sale or exchange) of such bond;

(2)With reference to the amount payable on maturity or on earlier call date; and

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Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 148. Effective January 1, 2001.