California Code
DIVISION 2 - OTHER TAXES
PART 11 - CORPORATION TAX LAW

ARTICLE 6 - Adjustments Required by Changes in Method

Section 24721. - 24721. Section 481 of the Internal Revenue Code, relating to...

Section 24725. - 24725. The provisions of Section 482 of the Internal Revenue...

Section 24726. - 24726. Section 483 of the Internal Revenue Code, relating to...

CHAPTER 14 - Natural Resources

Section 24831. - 24831. Subchapter I of Chapter 1 of Subtitle A of...

Section 24831.3. - 24831.3. The amendments made to Section 613A(d)(4) of the Internal...

Section 24831.6. - 24831.6. Section 613A(c)(6)(H) of the Internal Revenue Code, relating to...

CHAPTER 14.5 - Regulated Investment Companies, Real Estate Investment Trusts, Real Estate Mortgage Investment Conduits, and Financial Asset Securitization Investment Trusts

Section 24870. - 24870. Subchapter M of Chapter 1 of Subtitle A of...

Section 24871. - 24871. (a) (1) Section 852(b)(1) of the Internal Revenue Code,...

Section 24872. - 24872. (a) A real estate investment trust shall be deemed...

Section 24872.4. - 24872.4. (a) Section 856(d)(7)(C)(ii) of the Internal Revenue Code is...

Section 24872.6. - 24872.6. (a) A corporation, trust, or association that is a...

Section 24872.7. - 24872.7. (a) (1) (A) Whenever a penalty is imposed for...

Section 24873. - 24873. Section 860F(a) of the Internal Revenue Code, relating to...

Section 24874. - 24874. A real estate mortgage investment conduit (REMIC) shall be...

Section 24875. - 24875. (a) A financial asset securitization investment trust (FASIT) shall...

CHAPTER 15 - Gain or Loss on Disposition of Property

ARTICLE 1 - Computation of Gain or Loss

Section 24901. - 24901. (a) The gain from the sale or other disposition...

Section 24902. - 24902. Except as otherwise provided in this part, on the...

Section 24905. - 24905. (a) Section 988 of the Internal Revenue Code, relating...

Section 24905.5. - 24905.5. For each taxable year beginning on or after January...

ARTICLE 2 - Basis for Computation of Gain or Loss

Section 24911. - 24911. (a) The adjusted basis for determining the gain or...

Section 24912. - 24912. The basis of property shall be the cost of...

Section 24913. - 24913. If the property should have been included in the...

Section 24914. - 24914. (a) If the property was acquired by gift after...

Section 24915. - 24915. (a) If— (1) The property is acquired by gift...

Section 24916. - 24916. Proper adjustment with regard to the property shall in...

Section 24916.2. - 24916.2. Notwithstanding the provisions of Section 24916 no adjustment shall...

Section 24917. - 24917. Whenever it appears that the basis of property in...

Section 24918. - 24918. (a) Section 1017 of the Internal Revenue Code, relating...

Section 24919. - 24919. Neither the basis nor the adjusted basis of any...

ARTICLE 3 - Nontaxable Exchanges

Section 24941. - 24941. Section 1031 of the Internal Revenue Code, relating to...

Section 24941.5. - 24941.5. (a) The amendments made by Section 13303(a) and (b)...

Section 24942. - 24942. (a) No gain or loss shall be recognized to...

Section 24943. - 24943. If property (as a result of its destruction in...

Section 24944. - 24944. If property (as a result of its destruction in...

Section 24945. - 24945. If a taxpayer has made the election provided in...

Section 24946. - 24946. If the election provided in Section 24944(a) is made...

Section 24947. - 24947. (a) Section 1033(b) of the Internal Revenue Code, relating...

Section 24948. - 24948. For purposes of this part, if property lying within...

Section 24949. - 24949. For purposes of this part, if livestock are destroyed...

Section 24949.1. - 24949.1. (a) For purposes of this part, the sale or...

Section 24949.2. - 24949.2. (a) For purposes of Sections 24943 through 24945, if...

Section 24949.3. - 24949.3. For purposes of Sections 24943 through 24946, if, because...

Section 24949.5. - 24949.5. (a) For purposes of Sections 24943 through 24946, Section...

Section 24950. - 24950. Section 1035 of the Internal Revenue Code, relating to...

Section 24950.5. - 24950.5. The amendments made by Section 844 of the Pension...

Section 24951. - 24951. Section 1036 of the Internal Revenue Code, relating to...

Section 24952. - 24952. (a) If— (1) A sale of real property gives...

Section 24953. - 24953. (a) If gain or loss from the exchange of...

Section 24954. - 24954. For taxable years beginning on or after January 1,...

Section 24954.1. - 24954.1. Section 1042(g) of the Internal Revenue Code, relating to...

Section 24955. - 24955. (a) No gain shall be recognized with respect to...

Section 24956. - 24956. (a) Section 1044 of the Internal Revenue Code, relating...

ARTICLE 4 - Special Rules for Basis

Section 24961. - 24961. In the case of the property acquired by a...

Section 24962. - 24962. (a) If the property was acquired, after February 28,...

Section 24963. - 24963. In the case of property acquired before March 1,...

Section 24964. - 24964. Whenever a taxpayer has realized gain or loss upon...

Section 24965. - 24965. In the case of a share of stock issued...

Section 24966. - 24966. (a) The basis in stock purchased shall be reduced...

Section 24966.1. - 24966.1. Section 1059A of the Internal Revenue Code, relating to...

Section 24966.2. - 24966.2. Section 1060 of the Internal Revenue Code, relating to...

ARTICLE 4.5 - Capital Gains and Losses

Section 24990. - 24990. Subchapter P of Chapter 1 of Subtitle A of...

Section 24990.2. - 24990.2. Section 301 of Title III of Division A of...

Section 24990.4. - 24990.4. For taxable years beginning on or after January 1,...

Section 24990.5. - 24990.5. (a) Section 1201 of the Internal Revenue Code, relating...

Section 24990.6. - 24990.6. (a) Section 1245(a)(2)(C) of the Internal Revenue Code, relating...

Section 24990.7. - 24990.7. The provisions of Section 1248 of the Internal Revenue...

Section 24990.8. - 24990.8. For taxable years beginning on or after January 1,...

Section 24991. - 24991. Section 1275(a)(3) of the Internal Revenue Code, relating to...

Section 24993. - 24993. (a) Section 7872 of the Internal Revenue Code, relating...

Section 24995. - 24995. The provisions of Part VI of Subchapter P of...

ARTICLE 5 - Wash Sales of Stock or Securities

Section 24998. - 24998. The provisions of Sections 1091 and 1092 of the...

CHAPTER 17 - Allocation of Income

ARTICLE 1 - General Provisions

Section 25101. - 25101. When the income of a taxpayer subject to the...

Section 25101.1. - 25101.1. The amendments made at the 1957 Regular Session of...

Section 25101.15. - 25101.15. If the income of two or more taxpayers is...

Section 25101.3. - 25101.3. The property factor as it relates to the aircraft...

Section 25102. - 25102. In the case of two or more persons, as...

Section 25103. - 25103. In the case of a corporation doing business within...

Section 25104. - 25104. In the case of a corporation liable to report...

Section 25105. - 25105. (a) For purposes of this article, other than Section...

Section 25106. - 25106. (a) (1) In any case in which the income...

Section 25106.5. - 25106.5. (a) The Franchise Tax Board may adopt regulations necessary...

Section 25107. - 25107. (a) For the purposes of allocation and apportionment of...

Section 25108. - 25108. (a) For corporations whose income is subject to the...

ARTICLE 1.5 - Water's-Edge Election

Section 25110. - 25110. (a) Notwithstanding Section 25101, a qualified taxpayer, as defined...

Section 25111. - 25111. (a) For taxable years beginning before January 1, 2003,...

Section 25111.1. - 25111.1. (a) For any taxable year beginning on or after...

Section 25112. - 25112. (a) If a taxpayer electing to file under Section...

Section 25113. - 25113. (a) Except as provided in subdivision (f), for taxable...

Section 25114. - 25114. (a) The Franchise Tax Board, for purposes of administering...

Section 25116. - 25116. Notwithstanding paragraph (1) of subdivision (a) of Section 23051.5,...

ARTICLE 2 - Uniform Division of Income for Tax Purposes Act

Section 25120. - 25120. As used in Sections 25120 to 25139, inclusive, which...

Section 25121. - 25121. Any taxpayer having income from business activity which is...

Section 25122. - 25122. For purposes of allocation and apportionment of income under...

Section 25123. - 25123. Rents and royalties from real or tangible personal property,...

Section 25124. - 25124. (a) Net rents and royalties from real property located...

Section 25125. - 25125. (a) Capital gains and losses from sales of real...

Section 25126. - 25126. Interest and dividends are allocable to this state if...

Section 25127. - 25127. (a) Patent and copyright royalties are allocable to this...

Section 25128. - 25128. (a) Notwithstanding Section 38006, for taxable years beginning before...

Section 25128.7. - 25128.7. Notwithstanding Section 38006, for taxable years beginning on or...

Section 25129. - 25129. The property factor is a fraction, the numerator of...

Section 25130. - 25130. Property owned by the taxpayer is valued at its...

Section 25131. - 25131. The average value of property shall be determined by...

Section 25132. - 25132. The payroll factor is a fraction, the numerator of...

Section 25133. - 25133. Compensation is paid in this state if: (a) The...

Section 25134. - 25134. The sales factor is a fraction, the numerator of...

Section 25135. - 25135. (a) Sales of tangible personal property are in this...

Section 25136. - 25136. (a) Notwithstanding Section 38006, for taxable years beginning on...

Section 25136.1. - 25136.1. (a) For taxable years beginning on or after January...

Section 25137. - 25137. If the allocation and apportionment provisions of this act...

Section 25138. - 25138. This act shall be so construed as to effectuate...

Section 25139. - 25139. Sections 25120 to 25139, inclusive, may be cited as...

Section 25140. - 25140. Accounting procedures shall be adopted which will separately reflect...

Section 25141. - 25141. (a) For purposes of this section, the following definitions...

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