California Revenue and Taxation Code 24325 – Section 118 of the Internal Revenue Code, relating to contributions …
Current as of: 2024 | Check for updates
|
Other versions
Section 118 of the Internal Revenue Code, relating to contributions to the capital of a corporation, shall apply to contributions made on or after January 1, 1992.
(Added by Stats. 1992, Ch. 698, Sec. 20. Effective September 15, 1992.)
Terms Used In California Revenue and Taxation Code 24325
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.