California Revenue and Taxation Code

§ 17052.11

RTC § 17052.11 Effective Jun 27, 2025Div. 2 · Part 10 · Ch. 2

Statute text

(a)For taxable years beginning on or after January 1, 2026, and before January 1, 2031, there shall be allowed to a qualified taxpayer a credit against the “net tax,” as defined in Section 17039, in an amount equal to the qualified amount.

(b)For purposes of this section:

(1)“Electing qualified entity” means a qualified entity, as defined by Section 19912, that has elected to pay the elective tax under Part 10.4.1 (commencing with Section 19910).

…

Legislative history

Added by Stats. 2025, Ch. 17, Sec. 8. (SB 132) Effective June 27, 2025. Conditionally operative as prescribed by its own provisions. Repealed as of December 1, 2032, by its own provisions.