§ 24954
36 words·~1 min read·
/ca/revenue-and-taxation-code/24954·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For taxable years beginning on or after January 1, 1995, Section 1042 of the Internal Revenue Code, relating to sales of stock to employee stock ownership plans or certain cooperatives, shall apply, except as otherwise provided.