California Revenue and Taxation Code

§ 25122

RTC § 25122Div. 2 · Part 11 · Ch. 17 · Art. 2

Statute text

For purposes of allocation and apportionment of income under this act, a taxpayer is taxable in another state if (a) in that state it is subject to a net income tax, a franchise tax measured by net income, a franchise tax for the privilege of doing business, or a corporate stock tax, or (b) that state has jurisdiction to subject the taxpayer to a net income tax regardless of whether, in fact, the state does or does not.

Legislative history

Added by Stats. 1966, Ch. 2.