California Revenue and Taxation Code

§ 24631

RTC § 24631 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 13 · Art. 1

Statute text

(a)(1) For taxable years beginning prior to January 1, 2000, income shall be computed on the basis of the taxpayer’s income year.

(2)For taxable years beginning on or after January 1, 2000 (other than the first taxable year beginning on or after that date), income shall be computed on the basis of the taxpayer’s taxable year.

(3)As provided in paragraph (1) of subdivision (f) of Section 23151, paragraph (1) of subdivision (f) of Section 23181, and paragraph (1) of subdivision (c) of Section 23183, for the first taxable year beginning on or after January 1, 2000, income shall be computed on the basis of both the preceding income year and the current taxable year.

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Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 174. Effective January 1, 2001.