Revenue and Taxation Code § 23114

ARTICLE 1. Definitions and General Provisions

Current as of September 28, 2026Rev. & Tax. Code, § 23114Official source ↗

Amended by Stats. 2003, Ch. 455, Sec. 7. Effective January 1, 2004.

(a) A corporation shall not be subject to the taxes imposed by this chapter if the corporation did no business in this state during the taxable year and the taxable year was 15 days or less.

(b) The period of time for which a corporation is not subject to taxes imposed by this chapter as provided in subdivision (a) may not be considered a taxable year for purposes of subdivision (e) or paragraph (1) of subdivision (f) of Section 23153.