California § 17559 - Section 451(g) of the Internal Revenue Code, relating to special rule for proceed

Full text of California Public Contract Code - PCC § 17559 — Section 451(g) of the Internal Revenue Code, relating to special rule for proceed, with citation guidance and answers to common questions.

§ 17559. Section 451(g) of the Internal Revenue Code, relating to special rule for proceed

(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.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 17559

What does Public Contract Code - PCC § 17559 cover?

Section 17559 ("Section 451(g) of the Internal Revenue Code, relating to special rule for proceed") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite California § 17559?

A common citation format is "Public Contract Code - PCC § 17559" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of California law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.

How does California § 17559 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in California.