Revenue and Taxation Code section 23363

The Franchise Tax Board shall prescribe such regulations as it may deem necessary in order that the tax liability of any affiliated group of corporations making a consolidated return and of each corporation in the group, both during and after the period of affiliation, may be determined, computed, assessed, collected, and adjusted in such manner as to reflect the proper income.

Source: Section 23363, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=23363.­ (updated Jan. 1, 1951; accessed Oct. 20, 2025).

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Verified:
Oct. 20, 2025

§ 23363's source at ca​.gov