Rev. & Tax. Code, § 17559 · Chapter 6. Accounting Periods and Methods of Accounting
Rev. & Tax. Code, § 17559
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Section 451(g) of the Internal Revenue Code, relating to special rule for proceeds from livestock sold on account of drought, is modified by substituting the phrase “drought, flood, or other weather-related conditions, and that those conditions” in lieu of the phrase “drought conditions, and that these drought conditions” contained therein.
(b) This section shall apply to sales and exchanges after December 31, 1996.
(c) This section shall not apply to taxable years beginning on or after January 1, 1998.
Notes and commentary — not statutory text
History
Amended by Stats. 2025, Ch. 231, Sec. 53. (SB 711) Effective October 1, 2025.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=17559.
- Text hash
- sha256 cabf70e7521fca3e4c889c23a6574bf70e346b8fbf9e5d39fffb76ab57cbda34
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.