The Corporation Tax Law imposes upon a corporation doing business in this state, for the privilege of exercising its corporate franchises within this state, a tax according to or measured by its net income for that taxable year but not less than the minimum franchise tax, as specified. Existing law defines "doing business" for this purpose, and authorizes the Franchise Tax Board to determine a corporation is not doing business in this state if the corporation's activities in the state do not exceed specified limitations.
This bill would make nonsubstantive changes to those provisions.

Statutes affected:
SB 789: 23101.5 RTC
02/21/25 - Introduced: 23101.5 RTC