California Statutes
§ 24875. — 24875. (Amended by Stats. 2011, Ch. 296, Sec. 286.)
California § 24875.
JurisdictionCalifornia
Code RTCRevenue and Taxation Code - RTC
Div. 2.DIVISION 2. OTHER TAXES
Part 11.PART 11. CORPORATION TAX LAW
Ch. 14.5.CHAPTER 14.5. Regulated Investment Companies, Real Estate Investment Trusts, Real Estate Mortgage Investment Conduits, and Financial Asset Securitization Investment Trusts
This text of California § 24875. (24875. (Amended by Stats. 2011, Ch. 296, Sec. 286.)) 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 § 24875. (2026).
Text
(a)A financial asset securitization investment trust (FASIT) shall be subject to the minimum franchise tax imposed under Section 23153.
(b)For purposes of Chapter 4 of Part 10.2 (commencing with Section 19001) the taxes imposed by this section shall be treated as taxes to which the deficiency procedures of that article
apply.
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Legislative History
Amended by Stats. 2011, Ch. 296, Sec. 286. (AB 1023) Effective January 1, 2012.
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California § 24875., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/RTC/24875..