Revenue and Taxation Code section 12231

In the case of an insurer transacting title insurance in this State, the basis of the tax is, in respect to each year, all income upon business done in this State, except:

(a)

Interest and dividends.

(b)

Rents from real property.

(c)

Profits from the sale or other disposition of investments.

(d)

Income from investments.

Source: Section 12231, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=12231. (accessed May 12, 2025).

12231
12232

Last Updated

May 12, 2025

§ 12231’s source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_12231

Original Source: Section 12231, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=12231. (last accessed May 12, 2025).