Rev. & Tax. Code, § 23501 · Article 1. Imposition of Tax
Rev. & Tax. Code, § 23501
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) There shall be imposed upon every corporation, other than a bank, for each taxable year, a tax at the rate of 7.6 percent upon its net income derived from sources within this state on or after January 1, 1937, other than income for any period for which the corporation is subject to taxation under Chapter 2 (commencing with Section 23101), according to or measured by its net income.
(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 after December 31, 1979, the rate of tax shall be the rate specified for those years by Section 23151.
Notes and commentary — not statutory text
History
Amended by Stats. 1997, Ch. 605, Sec. 73. Effective January 1, 1998.
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=23501.
- Text hash
- sha256 5358f5e89cb5565b06a97f203a6f3f8f9da1975898bf436d154f8847a22f7634
- 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
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.
Cited by 9 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 23501. 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, § 19164.5Printed as Sections 17041, 23151, 23181, or 23501
- Rev. & Tax. Code, § 23156Printed as Section 23501 or 23731
- Rev. & Tax. Code, § 23310Printed as Section 17942, 23501, or 23731
- Rev. & Tax. Code, § 23731Printed as Section 23501
- Rev. & Tax. Code, § 23802Printed as Section 23151 or 23501
- Rev. & Tax. Code, § 24676Printed as Section 23501
- Rev. & Tax. Code, § 24690Printed as Section 23501
- Rev. & Tax. Code, § 24693Printed as Section 23501
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