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California Revenue and Taxation Code Section 25101

Legal Research Home > California Laws > Revenue and Taxation Code > California Revenue and Taxation Code Section 25101

25101.  When the income of a taxpayer subject to the tax imposed
under this part is derived from or attributable to sources both
within and without the state the tax shall be measured by the net
income derived from or attributable to sources within this state in
accordance with the provisions of Article 2 (commencing with Section
25120). However, any method of apportionment shall take into account
as income derived from or attributable to sources without the state,
income derived from or attributable to transportation by sea or air
without the state, whether or not the transportation is located in or
subject to the jurisdiction of any other state, the United States or
any foreign country.
   If the Franchise Tax Board reapportions net income upon its
examination of any return, it shall, upon the written request of the
taxpayer, disclose to it the basis upon which its reapportionment has
been made.

Section: 25101  25101.1  25101.15  25101.3  25102  25103  25104  25105  25106  25106.5  25107  25108  Next

Last modified: March 17, 2014