California § 24946 - If the election provided in Section 24944(a) is made by the taxpayer and such oth
Full text of California Public Contract Code - PCC § 24946 — If the election provided in Section 24944(a) is made by the taxpayer and such oth, with citation guidance and answers to common questions.
§ 24946. If the election provided in Section 24944(a) is made by the taxpayer and such oth
If the election provided in Section 24944(a) is made by the taxpayer and such other property or such stock was purchased before the beginning of the last taxable year in which any part of the gain upon such conversion is realized, any deficiency, to the extent resulting from such election, for any taxable year ending before such last taxable year may be assessed (notwithstanding the provisions of Section 19057 or the provisions of any other law or rule of law which would otherwise prevent such assessment) at any time before the expiration of the period within which a deficiency for such last taxable year may be assessed.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24946
What does Public Contract Code - PCC § 24946 cover?
Section 24946 ("If the election provided in Section 24944(a) is made by the taxpayer and such oth") 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 § 24946?
A common citation format is "Public Contract Code - PCC § 24946" (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 § 24946 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.