California Revenue and Taxation Code

§ 23114

RTC § 23114 Effective Jan 1, 2004Div. 2 · Part 11 · Ch. 2 · Art. 1

Statute text

(a)A corporation shall not be subject to the taxes imposed by this chapter if the corporation did no business in this state during the taxable year and the taxable year was 15 days or less.

(b)The period of time for which a corporation is not subject to taxes imposed by this chapter as provided in subdivision (a) may not be considered a taxable year for purposes of subdivision (e) or paragraph (1) of subdivision (f) of Section 23153.

Legislative history

Amended by Stats. 2003, Ch. 455, Sec. 7. Effective January 1, 2004.