The provisions of Part VI of Subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to treatment of certain passive foreign investment companies, shall not be applicable.
Cal. Rev. & Tax. Code § 24995
Capital Gains and Losses
Added by Stats. 1988, Ch. 1465, Sec. 56
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.