California Statutes
§ 12231. — 12231. (Added by Stats. 1961, Ch. 740.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 7. PART 7. INSURANCE TAXATION·Ch. 3. CHAPTER 3. All Insurance Other Than Ocean Marine·Art. 3. ARTICLE 3. Basis of Tax for Title Insurers
In the case of an insurer transacting title insurance in this State, the basis of the tax is, in respect to each year, all income upon business done in this State, except:
(a)Interest and dividends.
(b)Rents from real property.
(c)Profits from the sale or other disposition of investments.
(d)Income from investments.
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California § 12231. (12231. (Added by Stats. 1961, Ch. 740.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1961, Ch. 740.