§ 23731. — 23731. (Amended by Stats. 2000, Ch. 862, Sec. 96.)

California § 23731.

• Jurisdiction: 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. 2.: ARTICLE 2. Taxation of Business Income of Certain Article 1 Organizations

Text

Every organization or trust exempt under this chapter, except as provided in this article, is subject to the tax imposed upon its unrelated business taxable income, as defined in Section 23732, as follows:
(a)
Corporations (other than banks and financial corporations), associations, and business trusts are subject to the tax imposed under Section 23501.
(b)
Trusts are subject to the tax imposed by subdivision (e) of Section
17041.
This section applies to taxable years beginning after December 31, 1970.

Legislative History

Amended by Stats. 2000, Ch. 862, Sec. 96. Effective January 1, 2001.