There is a newer version of the California Code
2016 California Code
Revenue and Taxation Code - RTC
DIVISION 2 - OTHER TAXES
PART 10 - PERSONAL INCOME TAX
CHAPTER 10 - Partners and Partnerships
Section 17855.
CA Rev & Tax Code § 17855 (2016) What's This?
17855. The term unrealized receivables, as defined by Section 751(c) of the Internal Revenue Code, shall not include any of the following:
(a) Stock in certain foreign corporations, as described in Section 1248 of the Internal Revenue Code.
(b) Oil, gas, or geothermal property, described in Section 1254 of the Internal Revenue Code.
(Repealed and added by Stats. 1983, Ch. 488, Sec. 61. Effective July 28, 1983.)
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