California Revenue and Taxation Code

§ 23153

RTC § 23153 Effective Oct 2, 2019Div. 2 · Part 11 · Ch. 2 · Art. 2

Statute text

(a)Every corporation described in subdivision (b) shall be subject to the minimum franchise tax specified in subdivision (d) from the earlier of the date of incorporation, qualification, or commencing to do business within this state, until the effective date of dissolution or withdrawal as provided in Section 23331 or, if later, the date the corporation ceases to do business within the limits of this state.

(b)Unless expressly exempted by this part or the California Constitution, subdivision (a) shall apply to each of the following:

(1)Every corporation that is incorporated under the laws of this state.

…

Legislative history

Amended by Stats. 2019, Ch. 421, Sec. 2. (AB 308) Effective October 2, 2019.