California Code of Regulations
Title 18 - Public Revenues
Division 2.5 - State Controller
Chapter 2 - Gift Tax
Article 5 - Valuation
Section 15551.16 - Growing Crop
Universal Citation: 18 CA Code of Regs 15551.16
Current through Register 2024 Notice Reg. No. 12, March 22, 2024
Among other factors to be considered in the valuation of a growing crop are the following:
(a) The probable market value of the crop when harvested.
(b) The probable cost of producing and marketing the crop.
(c) The price, if any, paid at or about the date of the gift for futures in the same kind of crop.
NOTE: Reference: Section 15551, Revenue and Taxation Code.
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