CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 201Introduced by Assembly Member SteinorthJanuary 23, 2017 An act to amend Section 18151 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGESTAB 201, as introduced, Steinorth. Capital gains and losses.The Personal Income Tax Law provides for modified conformity with federal tax law, including modified conformity to federal tax provisions relating to the treatment of capital gains and losses.This bill would make nonsubstantive changes to that provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 18151 of the Revenue and Taxation Code is amended to read:18151. Subchapter Except as otherwise provided, subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to capital gains and losses, shall apply, except as otherwise provided. apply.
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 201Introduced by Assembly Member SteinorthJanuary 23, 2017 An act to amend Section 18151 of the Revenue and Taxation Code, relating to taxation. LEGISLATIVE COUNSEL'S DIGESTAB 201, as introduced, Steinorth. Capital gains and losses.The Personal Income Tax Law provides for modified conformity with federal tax law, including modified conformity to federal tax provisions relating to the treatment of capital gains and losses.This bill would make nonsubstantive changes to that provision.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
Assembly Bill No. 201
Introduced by Assembly Member SteinorthJanuary 23, 2017
Introduced by Assembly Member Steinorth
January 23, 2017
An act to amend Section 18151 of the Revenue and Taxation Code, relating to taxation.
LEGISLATIVE COUNSEL'S DIGEST
## LEGISLATIVE COUNSEL'S DIGEST
AB 201, as introduced, Steinorth. Capital gains and losses.
The Personal Income Tax Law provides for modified conformity with federal tax law, including modified conformity to federal tax provisions relating to the treatment of capital gains and losses.This bill would make nonsubstantive changes to that provision.
The Personal Income Tax Law provides for modified conformity with federal tax law, including modified conformity to federal tax provisions relating to the treatment of capital gains and losses.
This bill would make nonsubstantive changes to that provision.
## Digest Key
## Bill Text
The people of the State of California do enact as follows:SECTION 1. Section 18151 of the Revenue and Taxation Code is amended to read:18151. Subchapter Except as otherwise provided, subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to capital gains and losses, shall apply, except as otherwise provided. apply.
The people of the State of California do enact as follows:
## The people of the State of California do enact as follows:
SECTION 1. Section 18151 of the Revenue and Taxation Code is amended to read:18151. Subchapter Except as otherwise provided, subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to capital gains and losses, shall apply, except as otherwise provided. apply.
SECTION 1. Section 18151 of the Revenue and Taxation Code is amended to read:
### SECTION 1.
18151. Subchapter Except as otherwise provided, subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to capital gains and losses, shall apply, except as otherwise provided. apply.
18151. Subchapter Except as otherwise provided, subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to capital gains and losses, shall apply, except as otherwise provided. apply.
18151. Subchapter Except as otherwise provided, subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to capital gains and losses, shall apply, except as otherwise provided. apply.
18151. Subchapter Except as otherwise provided, subchapter P of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to capital gains and losses, shall apply, except as otherwise provided. apply.