ARTICLE 1. Imposition of Tax

Article 1 added by Stats. 1949, Ch. 557.

§§ 23501–23504 · 3 sections

• § 23501 (a) There shall be imposed upon every corporation, other than a bank, for each taxable year, a tax at the rate of 7.6 percent upon its net income derived from…
• § 23503 There shall be offset against the tax hereby imposed for any period the amount of any tax imposed on the taxpayer under Chapter 2 for the same period. In the…
• § 23504 Where a corporation formerly subject to tax under Chapter 2 (commencing with Section 23101) becomes subject to tax under Chapter 3 (commencing with Section…