Rev. & Tax. Code, § 12231 · Article 3. Basis of Tax for Title Insurers
Rev. & Tax. Code, § 12231
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In the case of an insurer transacting title insurance in this State, the basis of the tax is, in respect to each year, all income upon business done in this State, except:
(a) Interest and dividends.
(b) Rents from real property.
(c) Profits from the sale or other disposition of investments.
(d) Income from investments.
Notes and commentary — not statutory text
History
Added by Stats. 1961, Ch. 740.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=12231.
- Text hash
- sha256 c8fd1a4d349e8a9f35ad69290401667f3b7db3574cf5ca26676500859fb5fbac
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 2 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 12231. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.