California Revenue and Taxation Code

§ 25140

RTC § 25140Div. 2 · Part 11 · Ch. 17 · Art. 2

Statute text

Accounting procedures shall be adopted which will separately reflect the revenues attributable to dividends received by corporations having commercial domiciles in this state. In view of pending litigation concerning the proper treatment of intercompany dividends, it is not intended by enactment of this act that any inference be drawn from it in such litigation.

Legislative history

Amended by Stats. 1966, 1st Ex. Sess., Ch. 167.