There is a newer version of the California Code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 14 - General Rules for Determining Capital Gains and Losses
Section 18152.
CA Rev & Tax Code § 18152 (2016) What's This?
18152. (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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