California § 23736.3. 23736.3. (Amended by Stats. 2000, Ch. 862, Sec. 98.)

California Statutes

§ 23736.3. — 23736.3. (Amended by Stats. 2000, Ch. 862, Sec. 98.)

California § 23736.3.

JurisdictionCalifornia

Code RTCRevenue 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

This text of California § 23736.3. (23736.3. (Amended by Stats. 2000, Ch. 862, Sec. 98.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Revenue and Taxation Code - RTC Code § 23736.3. (2026).

Text

An organization described in Section 23701n or Section 23701d, except as specified in Section 23736, shall be denied exemption under Section 23736.2 only for taxable years subsequent to the taxable years during which it is notified by the Franchise Tax Board that it has engaged in a prohibited transaction, unless such organization entered into such prohibited transaction with the purpose of diverting corpus or income of the organization from its exempt purposes, and such transaction involved a substantial part of the corpus or income of such
						organization.

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An organization described in Section 23701n or Section 23701d, except as specified in Section 23736, shall be denied exemption under Section 23736.2 only for taxable years subsequent to the taxable years during which it is notified by the Franchise Tax Board that it has engaged in a prohibited transaction, unless such organization entered into such prohibited transaction with the purpose of diverting corpus or income of the organization from its exempt purposes, and such transaction involved a substantial part of the corpus or income of such
organization.