Rev. & Tax. Code, § 25131 · Article 2. Uniform Division of Income for Tax Purposes Act

Rev. & Tax. Code, § 25131

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

The average value of property shall be determined by averaging the values at the beginning and ending of the taxable year but the Franchise Tax Board may require the averaging of monthly values during the taxable year if reasonably required to reflect properly the average value of the taxpayer’s property.

Notes and commentary — not statutory text

History

Amended by Stats. 2000, Ch. 862, Sec. 223. 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&sectionNum=25131.
Text hash: sha256 75bd820fe32550631c00215c4c2b47cf79fd67f07a43bb34c0dade76d087693b
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 1 provision

Provisions in this library whose text cites Rev. & Tax. Code, § 25131. Each shows the citation as that text prints it.

Revenue and Taxation Code

Rev. & Tax. Code, § 23101Printed as Sections 25129 to 25131, inclusive

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.