Cal. Rev. & Tax. Code § 18152
General Rules for Determining Capital Gains and Losses
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2019
As of January 1, 2011
Section 1202 of the Internal Revenue Code, relating to 50-percent exclusion for gain from certain small business stock, does not apply.
(b) Any reference in the Internal Revenue Code to the “exclusion allowed under Section 1202” shall, for purposes of this part, be modified to refer to the exclusion allowed under Section 18152.5.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.