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2011 Corporation Tax Law Changes Website

FTB Archive Disclaimer:  Archived content is not current and may contain broken links. It remains online for historical reference or research. The search function above allows you to search archived and current content separately. If you need archived content in a different format, contact us.

Purpose of bulletin

To inform our staff of the Corporation Tax Law changes website.

Background

Recently California adopted and amended statutes that change how multistate corporations are taxed in California. The following R&TC sections changed for tax years beginning on or after January 1, 2011:

  • R&TC §23101 - Modifies the definition of "doing business" in California
  • R&TC §25120 - Provides the definition of "gross receipts"
  • R&TC §25128.5 - Allows specific entities to elect to use a sales only formula to apportion its income subject to the franchise or income tax
  • R&TC §25135 - Adopts the Finnigan rule in assigning sales from tangible personal property
  • R&TC §25136 - Provides new rules for assigning sales from other than tangible personal property

Taxpayer inquiries

Taxpayers can go to ftb.ca.gov, and search for corporation tax law changes.

Questions/comments

Contact 2011 Corp Law Changes with comments or questions regarding this bulletin.

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