{"data":{"id":"us-ca/rtc-24954","jurisdiction":"us-ca","citation":"RTC § 24954","heading":"","body":"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.","path":["Revenue and Taxation Code - RTC","DIVISION 2. OTHER TAXES [6001. - 61050.]","PART 11. CORPORATION TAX LAW [23001. - 25141.]","CHAPTER 15. Gain or Loss on Disposition of Property [24901. - 24998.]","ARTICLE 3. Nontaxable Exchanges [24941. - 24956.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"f2559ebc5915f97443b92e2dacecee8d239545636fb29ceac85925249c4b1f74","source_id":"us-ca","stale":false,"prev":"us-ca/rtc-24953","next":"us-ca/rtc-24954.1"},"notice":"GroundRules: Original legal text. Not legal advice."}