The Corporation Tax Law imposes taxes upon a corporation doing business in this state, according to, or measured by, net income, as specified. The Corporation Tax Law, in modified conformity to a credit allowed under federal law, allows a credit against taxes imposed by that law for increasing research activities, as described.
This bill would make nonsubstantive changes to the provisions allowing that credit.

Statutes affected:
AB 703: 23609 RTC
02/14/25 - Introduced: 23609 RTC