California Statutes
§ 23223. — 23223. (Amended by Stats. 1971, 1st Ex. Sess., Ch. 1.)
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. 4. ARTICLE 4. Commencing Corporations
(a)When any taxpayer commences to do business in this state for the first time in any taxable year other than the year of incorporation or qualification, its tax for that taxable year and for the succeeding taxable year shall be computed in accordance with the provisions of Section 23222 relative to first and second taxable years, a credit being allowed for any tax payable under Section 23153 for the year in which it commences to do business.
(b)The provisions of subdivision (a) shall be applicable only if a taxpayer commenced doing business in this state before January 1,
1972.
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California § 23223. (23223. (Amended by Stats. 1971, 1st Ex. Sess., Ch. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1971, 1st Ex. Sess., Ch. 1.