California Revenue and Taxation Code

§ 25136.1

RTC § 25136.1Div. 2 · Part 11 · Ch. 17 · Art. 2

Statute text

(a)For taxable years beginning on or after January 1, 2013, a qualified taxpayer that apportions its business income under Section 25128.7 shall apply the following provisions:

(1)Notwithstanding Section 25137, qualified sales assigned to this state shall be equal to 50 percent of the amount of qualified sales that would be assigned to this state pursuant to Section 25136 but for the application of this section. The remaining 50 percent shall not be assigned to this state.

(2)All other sales shall be assigned pursuant to Section 25136.

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Legislative history

Added November 6, 2012, by initiative Proposition 39, Sec. 9. Note: Prop. 39 is titled the California Clean Energy Jobs Act.