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CA SB1437
Bill
AI Summary
- Amends Section 17010 of the Revenue and Taxation Code to reorganize the definition of "taxable year" for personal income tax purposes
- Defines "taxable year" as either the calendar year or fiscal year upon which taxable income is computed, with calendar year as default if no fiscal year is established
- Adds a separate subsection defining "taxable year" for fractional year returns made under the Revenue and Taxation Code or Franchise Tax Board regulations
- Makes nonsubstantive changes to existing tax definition language
- Requires majority vote; no appropriation or fiscal committee involvement needed
Legislative Description
Personal income taxes.
Last Action
Referred to Com. on RLS.
3/12/2020
Committee Referrals
Rules2/21/2020
Full Bill Text
No bill text available