California Code of Regulations
Title 18 - Public Revenues
Division 3 - Franchise Tax Board
Chapter 3 - Bank and Corporation Tax [Repealed]

(Originally Printed June, 1952)

Preface

The Bank and Corporation Tax Law (containing the former provisions of the Bank and Corporation Franchise Tax Act and the Corporation Income Tax Act) was enacted by Chapter 557, Statutes of 1949, and became effective July 1, 1951, as Part 11 of Division 2 of the Revenue and Taxation Code. The original provisions of the predecessor acts are continued as a part of the Revenue and Taxation Code as though they had been in code form since the date of their enactment.

In the codification of the prior acts, duplicating sections applicable to both acts were eliminated. In code form all sections are applicable to tax payers under either taxing chapter (2 or 3) unless specifically limited in application. These regulations are equally applicable to taxpayers under either Chapter 2 or Chapter 3, unless similarly limited by specific language in the regulation.

The following regulations are applicable in the interpretation of the sections of the Bank and Corporation Tax Law or comparable provisions of the prior acts to which such regulations apply and during the periods such provisions of that law or prior acts were in effect.

For comparable federal regulations see table in Appendix.

The regulations issued by this department and other state agencies are compiled by the Office of Administrative Hearings and published in the California Administrative Code and Register; the regulations contained in this register are distributed by the Office of Procurement, Documents Section 8141 Elder Creek Road, Sacramento, California 95820.

1. Former Bank and Corporation Franchise Tax and Corporation Income Tax regulations were originally printed 4-3-48 as Subchapter 1.5; repealer thereof was filed 2-18-52 as an emergency designated to be effective on the thirtieth day thereafter and declared not applicable to any period prior to 7-1-51 (Register 27, No. 4).
2. Subchapter 3 filed 6-28-52 as an emergency; designated to be effective 7-1-51 (Register 29, No. 1).
3. Repealer of chapter 3 (subchapters 1-15, sections 23002-26422). For prior history, see Registers 70, No. 12; 71, No. 2; 71, No. 30; 73 No. 28; and 80, No. 8.

Note: Authority cited for Subchapter 3: Section 25422, Revenue and Taxation code.