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Cal. Rev. & Tax. Code § 23804

Tax Treatment of S Corporations and Their Shareholders

Amended by Stats. 2003, Ch. 268, Sec. 10

Section 1367(b)(4) of the Internal Revenue Code, relating to adjustments in case of inherited stock, shall apply for decedents dying after December 31, 1996.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.