Revenue and Taxation Code § 24875

CHAPTER 14.5. Regulated Investment Companies, Real Estate Investment Trusts, Real Estate Mortgage Investment Conduits, and Financial Asset Securitization Investment Trusts

Current as of September 28, 2026Rev. & Tax. Code, § 24875Official source ↗

Amended by Stats. 2011, Ch. 296, Sec. 286. (AB 1023) Effective January 1, 2012.

(a) A financial asset securitization investment trust (FASIT) shall be subject to the minimum franchise tax imposed under Section 23153.

(b) For purposes of Chapter 4 of Part 10.2 (commencing with Section 19001) the taxes imposed by this section shall be treated as taxes to which the deficiency procedures of that article apply.