California Revenue & Taxation Code
Cal. Rev. & Tax. Code § 17855
Official textleginfo.legislature.ca.govlast amended
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.
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