California Revenue and Taxation Code

§ 17052.10

RTC § 17052.10 Effective Jun 27, 2025Div. 2 · Part 10 · Ch. 2

Statute text

(a)For taxable years beginning on or after January 1, 2021, and before January 1, 2026, there shall be allowed to a qualified taxpayer a credit against the “net tax,” as defined in Section 17039, in an amount equal to the qualified amount.

(b)For purposes of this section:

(1)“Electing qualified entity” means a qualified entity, as defined by Section 19902, that has elected to pay the elective tax under Part 10.4 (commencing with Section 19900).

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Legislative history

Amended by Stats. 2025, Ch. 17, Sec. 7. (SB 132) Effective June 27, 2025. Repealed as of December 1, 2027, by its own provisions.