California Revenue and Taxation Code

§ 25137

RTC § 25137Div. 2 · Part 11 · Ch. 17 · Art. 2

Statute text

If the allocation and apportionment provisions of this act do not fairly represent the extent of the taxpayer’s business activity in this state, the taxpayer may petition for or the Franchise Tax Board may require, in respect to all or any part of the taxpayer’s business activity, if reasonable:

(a)Separate accounting;

(b)The exclusion of any one or more of the factors;

…

Legislative history

Added by Stats. 1966, Ch. 2.