BlackletterCalifornia law

Revenue and Taxation Code § 25129

ARTICLE 2. Uniform Division of Income for Tax Purposes Act

Current as of September 28, 2026Rev. & Tax. Code, § 25129Official source ↗

Amended by Stats. 2000, Ch. 862, Sec. 222. Effective January 1, 2001.

The property factor is a fraction, the numerator of which is the average value of the taxpayer’s real and tangible personal property owned or rented and used in this state during the taxable year and the denominator of which is the average value of all the taxpayer’s real and tangible personal property owned or rented and used during the taxable year.