{"data":{"id":"us-ca/rtc-24991","jurisdiction":"us-ca","citation":"RTC § 24991","heading":"","body":"Section 1275(a)(3) of the Internal Revenue Code, relating to the definition of tax-exempt obligation, does not apply but instead the term “tax-exempt obligation” means an obligation the interest on which is exempt from tax under this part.","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 4.5. Capital Gains and Losses [24990. - 24995.]"],"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":"78ecb90323d7b73b7c52750c29e62e523824436f519cde4dd800637ab58ed385","source_id":"us-ca","stale":false,"prev":"us-ca/rtc-24990.9","next":"us-ca/rtc-24993"},"notice":"GroundRules: Original legal text. Not legal advice."}