California Revenue and Taxation Code

§ 19141.6

RTC § 19141.6 Effective Jan 1, 2001Div. 2 · Part 10.2 · Ch. 4 · Art. 7

Statute text

(a)Each taxpayer determining its income subject to tax pursuant to Section 25101 or electing to file pursuant to Section 25110 shall, for taxable years beginning on or after January 1, 1994, maintain (in the location, in the manner, and to the extent prescribed in regulations promulgated by the Franchise Tax Board on or before December 31, 1995) and make available upon request all of the following:

(1)Any records as may be appropriate to determine the correct treatment of the components that are a part of one or more unitary businesses for purposes of determining the income derived from or attributable to this state pursuant to Section 25101 or 25110.

(2)Any records as may be appropriate to determine the correct treatment of amounts that are attributable to the classification of an item as business or nonbusiness income for purposes of Article 2 (commencing with Section 25120) of Chapter 17 of Part 11.

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Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 22. Effective January 1, 2001.