California Statutes
§ 23201. — 23201. (Amended by Stats. 1977, Ch. 552.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 11. PART 11. CORPORATION TAX LAW·Ch. 2. CHAPTER 2. The Corporation Franchise Tax·Art. 3.5. ARTICLE 3.5. Credit for Prepaid Tax
(a)In the case of a taxpayer whose tax for the first taxable year was computed under Sections 23222 to 23224, inclusive (or corresponding sections of prior laws), there shall be allowed as a credit against the tax for the taxable year of dissolution or withdrawal, the excess of the tax paid over the minimum tax for the first taxable year which constituted a full 12 months of doing business in this state and whose income has been included in the measure of tax of a succeeding taxable year.
(b)Any credit previously allowed under this section or for a year in which the taxpayer ceased
doing business shall not be allowed again in computing a credit under this section.
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California § 23201. (23201. (Amended by Stats. 1977, Ch. 552.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1977, Ch. 552.