California Statutes
§ 23701k. — 23701k. (Added by renumbering Section 23701h by Stats. 1951, Ch. 343.)
California·Code RTC Revenue and Taxation Code - RTC·Div. 2. DIVISION 2. OTHER TAXES·Part 11. PART 11. CORPORATION TAX LAW·Ch. 4. CHAPTER 4. Exempt Corporations·Art. 1. ARTICLE 1. Exemptions From This Part
Religious or apostolic corporations, if such corporations have a common treasury or community treasury even if such corporations engaged in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro rata shares, whether distributed or not, of the net income of the corporation for such year. Any amount so included in the gross income of a member shall be treated as a dividend received.
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California § 23701k. (23701k. (Added by renumbering Section 23701h by Stats. 1951, Ch. 343.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by renumbering Section 23701h by Stats. 1951, Ch. 343.