2011 California Code
Revenue and Taxation Code
DIVISION 2. OTHER TAXES [6001 - 60708]
CHAPTER 14. General Rules for Determining Capital Gains and Losses
(a) Section 1202 of the Internal Revenue Code, relating to 50-percent exclusion for gain from certain small business stock, shall 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.
(Added by Stats. 1997, Ch. 611, Sec. 49. Effective October 3, 1997.)
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