California Revenue and Taxation Code

§ 23772

RTC § 23772 Effective Jan 1, 2021Div. 2 · Part 11 · Ch. 4 · Art. 3

Statute text

(a)For the purposes of this part—

(1)Except as provided in paragraph (2), every organization exempt from taxation under Section 23701 and every trust treated as a private foundation because of Section 4947(a)(1) of the Internal Revenue Code shall file an annual return, stating specifically the items of gross income, receipts, and disbursements, and any other information for the purpose of carrying out the laws under this part as the Franchise Tax Board may by rules or regulations prescribe, and shall keep any records, render under oath any statements, make any other returns, and comply with any rules and regulations as the Franchise Tax Board may from time to time prescribe. The return shall be filed on or before the 15th day of the fifth full calendar month following the close of the taxable year.

(2)Exceptions from filing—

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Legislative history

Amended by Stats. 2020, Ch. 59, Sec. 4. (SB 934) Effective January 1, 2021.