California § 24947 - Section 1033(b) of the Internal Revenue Code, relating to basis of property acqui

Full text of California Public Contract Code - PCC § 24947 — Section 1033(b) of the Internal Revenue Code, relating to basis of property acqui, with citation guidance and answers to common questions.

§ 24947. Section 1033(b) of the Internal Revenue Code, relating to basis of property acqui

(a) Section 1033(b) of the Internal Revenue Code, relating to basis of property acquired through involuntary conversion, shall apply, except as otherwise provided. (b) Section 1033(b)(1) of the Internal Revenue Code is modified by substituting “subdivision (a) of Section 24943” in lieu of “subsection (a)(1).” (c) Section 1033(b)(2) of the Internal Revenue Code is modified by substituting “subdivision (b) of Section 24943” in lieu of “subsection (a)(2).” (d) Section 1033(b)(3) of the Internal Revenue Code is modified by substituting “subdivision (b) of Section 24943” in lieu of “subsection (a)(2)(E).”

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

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Frequently Asked Questions About California § 24947

What does Public Contract Code - PCC § 24947 cover?

Section 24947 ("Section 1033(b) of the Internal Revenue Code, relating to basis of property acqui") 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 § 24947?

A common citation format is "Public Contract Code - PCC § 24947" (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 § 24947 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.