{"code":"RTC","codeName":"Revenue and Taxation Code","section":"23504","citation":"Rev. & Tax. Code, § 23504","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. OTHER TAXES [6001. - 61050.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2"},{"name":"PART 11. CORPORATION TAX LAW [23001. - 25141.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11"},{"name":"CHAPTER 3. The Corporation Income Tax [23501. - 23561.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-3"},{"name":"ARTICLE 1. Imposition of Tax [23501. - 23504.]","url":"https://blackletter.si/revenue-and-taxation-code/division-2/part-11/chapter-3/article-1"}],"history":"Amended by Stats. 1971, Ch. 1304.","effective":null,"html":"<p>Where a corporation formerly subject to tax under Chapter 2 (commencing with Section <a href=\"/rtc/23101\">23101</a>) becomes subject to tax under Chapter 3 (commencing with Section <a href=\"/rtc/23501\">23501</a>), the tax for the year in which the change occurs will be assessed under Chapter 2 (commencing with Section <a href=\"/rtc/23101\">23101</a>) and not under Chapter 3 (commencing with Section <a href=\"/rtc/23501\">23501</a>). For years subsequent to the year in which the change occurs, the tax will be assessed under Chapter 3 (commencing with Section <a href=\"/rtc/23501\">23501</a>).</p>","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).","otherVersions":[],"url":"https://blackletter.si/revenue-and-taxation-code/imposition-of-tax-23504","source":"California Legislative Information bulk export (pubinfo)"}