California Revenue and Taxation Code

§ 25129

RTC § 25129 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 17 · Art. 2

Statute text

The property factor is a fraction, the numerator of which is the average value of the taxpayer’s real and tangible personal property owned or rented and used in this state during the taxable year and the denominator of which is the average value of all the taxpayer’s real and tangible personal property owned or rented and used during the taxable year.

Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 222. Effective January 1, 2001.