Cal. RTC § 23504
This is the official text of Cal. RTC § 23504, part of California’s Revenue and Taxation Code — governs state and local taxation, including income and property tax.
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Official statutory text
Where a corporation formerly subject to tax under Chapter 2 (commencing with Section 23101) becomes subject to tax under Chapter 3 (commencing with Section 23501), the tax for the year in which the change occurs will be assessed under Chapter 2 (commencing with Section 23101) and not under Chapter 3 (commencing with Section 23501). For years subsequent to the year in which the change occurs, the tax will be assessed under Chapter 3 (commencing with Section 23501).
Status: in_force · Read it on the official government site
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