Revenue and Taxation Code section 24966.1

Section 1059A of the Internal Revenue Code, relating to limitation on taxpayer’s basis or inventory cost in property imported from related persons, shall apply, except as otherwise provided.

Source: Section 24966.1, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24966.1. (updated Oct. 6, 1993; accessed Dec. 8, 2025).

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Up to date

Verified:
Dec. 8, 2025

§ 24966.1's source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_24966.1

Original Source: Section 24966.1, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24966.1. (last accessed May 12, 2025).