Rev. & Tax. Code, § 24948 · Article 3. Nontaxable Exchanges

Rev. & Tax. Code, § 24948

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

For purposes of this part, if property lying within an irrigation project is sold or otherwise disposed of in order to conform to the acreage limitation provisions of federal reclamation laws, such sale or disposition shall be treated as an involuntary conversion to which Sections 24943 to 24949, inclusive, apply.

Notes and commentary — not statutory text

History

Added by Stats. 1961, Ch. 846.

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&sectionNum=24948.
Text hash: sha256 74d28e0f61e0b0d45d8ec726e22654430b067ed59ddc6489ab3ca5b8fb75515c
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Revenue and Taxation Code

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