Rev. & Tax. Code, § 23151 · Article 2. Tax on General Corporations
Rev. & Tax. Code, § 23151
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) With the exception of banks and financial corporations, every corporation doing business within the limits of this state and not expressly exempted from taxation by the provisions of the Constitution of this state or by this part, shall annually pay to the state, for the privilege of exercising its corporate franchises within this state, a tax according to or measured by its net income, to be computed at the rate of 7.6 percent upon the basis of its net income for the next preceding income year, or if greater, the minimum tax specified in Section 23153.
(b) For calendar or fiscal years ending after June 30, 1973, the rate of tax shall be 9 percent instead of 7.6 percent as provided by subdivision (a).
(c) For calendar or fiscal years ending in 1980 to 1986, inclusive, the rate of tax shall be 9.6 percent.
(d) For calendar or fiscal years ending in 1987 to 1996, inclusive, and for any income year beginning before January 1, 1997, the tax rate shall be 9.3 percent.
(e) For any income year beginning on or after January 1, 1997, and before the income year identified in subparagraph (A) of paragraph (1) of subdivision (f), the tax rate shall be 8.84 percent. The change in rate provided in this subdivision shall be made without proration otherwise required by Section 24251.
(f) (1) For the first taxable year beginning on or after January 1, 2000, the tax imposed under this section shall be the sum of both of the following:
(A) A tax according to or measured by net income, to be computed at the rate of 8.84 percent upon the basis of the net income for the next preceding income year, but not less than the minimum tax specified in Section 23153.
(B) A tax according to or measured by net income, to be computed at the rate of 8.84 percent upon the basis of the net income for the first taxable year beginning on or after January 1, 2000, but not less than the minimum tax specified in Section 23153.
(2) Except as provided in paragraph (1), for taxable years beginning on or after January 1, 2000, the tax imposed under this section shall be a tax according to or measured by net income, to be computed at the rate of 8.84 percent upon the basis of the net income for that taxable year, but not less than the minimum tax specified in Section 23153.
Notes and commentary — not statutory text
History
Amended by Stats. 2015, Ch. 303, Sec. 484. (AB 731) Effective January 1, 2016.
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=23151.
- Text hash
- sha256 66cc6c61197a5f62a36c55f567424b941168ce185722d884ff5385a8a79b9bcd
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- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Revenue and Taxation Code
Cited by 22 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 23151. Each shows the citation as that text prints it.
Revenue and Taxation Code
- Rev. & Tax. Code, § 18622.5Printed as Sections 23151 or 23501
- Rev. & Tax. Code, § 18633.5Printed as Section 23151
- Rev. & Tax. Code, § 18662Printed as Section 23151
- Rev. & Tax. Code, § 18666Printed as Section 23151, 23181, or 23183
- Rev. & Tax. Code, § 19164.5Printed as Sections 17041, 23151, 23181, or 23501
- Rev. & Tax. Code, § 23151.1Printed as Section 23151
- Rev. & Tax. Code, § 23151.2Printed as Section 23151
- Rev. & Tax. Code, § 23153Printed as Section 23151
- Rev. & Tax. Code, § 23186Printed as Section 23151
- Rev. & Tax. Code, § 23305.1Printed as Section 23151
- Rev. & Tax. Code, § 23333Printed as Section 23151
- Rev. & Tax. Code, § 23455Printed as Section 23151
- Rev. & Tax. Code, § 23501Printed as Section 23151
- Rev. & Tax. Code, § 23802Printed as Section 23151 | Section 23151 or 23501
- Rev. & Tax. Code, § 23809Printed as Section 23151
- Rev. & Tax. Code, § 23811Printed as Section 23151
- Rev. & Tax. Code, § 24272.5Printed as Section 23151
- Rev. & Tax. Code, § 24440Printed as Section 23151, 23186, or 23802
- Rev. & Tax. Code, § 24631Printed as Section 23151
- Rev. & Tax. Code, § 24667Printed as Section 23151, 23186, or 23802
- Rev. & Tax. Code, § 24871Printed as Section 23151
- Rev. & Tax. Code, § 25141Printed as Sections 23151 and 23151.1
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.