Rev. & Tax. Code, § 23183 · Article 3. Tax on Banks and Financial Corporations
Rev. & Tax. Code, § 23183
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) For taxable years beginning before January 1, 2000, an annual tax is hereby imposed upon every financial corporation doing business within the limits of this state and taxable under the provisions of Section 27 of Article XIII of the Constitution of this state, for the privilege of exercising its corporate franchises within this state, according to or measured by its net income, upon the basis of its net income for the next preceding income year at the rate provided under Section 23186.
(b) For purposes of this article, the term “financial corporation” does not include any corporation, including a wholly owned subsidiary of a bank or bank holding company, if the principal business activity of such entity consists of leasing tangible personal property.
(c) (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 provided under Section 23186 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 provided under Section 23186 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 provided under Section 23186 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. 2000, Ch. 862, Sec. 52. Effective January 1, 2001.
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=23183.
- Text hash
- sha256 4737cd61f62496ef60d7e13a76ac25e0919a7933b6a8cea231fc59a52a72c55e
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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 11 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 23183. Each shows the citation as that text prints it.
Revenue and Taxation Code
- Rev. & Tax. Code, § 18666Printed as Section 23151, 23181, or 23183
- Rev. & Tax. Code, § 23153Printed as Section 23183
- Rev. & Tax. Code, § 23183.1Printed as Section 23183
- Rev. & Tax. Code, § 23183.2Printed as Section 23183
- Rev. & Tax. Code, § 23332Printed as Section 23151.1, 23153, 23181, or 23183
- Rev. & Tax. Code, § 23332.5Printed as Section 23183, 23183.1, or 23183.2
- Rev. & Tax. Code, § 23455Printed as Section 23183
- Rev. & Tax. Code, § 23802Printed as Section 23183
- Rev. & Tax. Code, § 23809Printed as Section 23183
- Rev. & Tax. Code, § 23811Printed as Section 23183
- Rev. & Tax. Code, § 24631Printed as Section 23183
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