California Revenue and Taxation Code

§ 23504

RTC § 23504Div. 2 · Part 11 · Ch. 3 · Art. 1

Statute text

Where a corporation formerly subject to tax under Chapter 2 (commencing with Section 23101) becomes subject to tax under Chapter 3 (commencing with Section 23501), the tax for the year in which the change occurs will be assessed under Chapter 2 (commencing with Section 23101) and not under Chapter 3 (commencing with Section 23501). For years subsequent to the year in which the change occurs, the tax will be assessed under Chapter 3 (commencing with Section 23501).

Legislative history

Amended by Stats. 1971, Ch. 1304.