California Revenue and Taxation Code

§ 25131

RTC § 25131 Effective Jan 1, 2001Div. 2 · Part 11 · Ch. 17 · Art. 2

Statute text

The average value of property shall be determined by averaging the values at the beginning and ending of the taxable year but the Franchise Tax Board may require the averaging of monthly values during the taxable year if reasonably required to reflect properly the average value of the taxpayer’s property.

Legislative history

Amended by Stats. 2000, Ch. 862, Sec. 223. Effective January 1, 2001.