Revenue and Taxation Code section 24875

(a)

A financial asset securitization investment trust (FASIT) shall be subject to the minimum franchise tax imposed under Section 23153.

(b)

For purposes of Chapter 4 of Part 10.2 (commencing with Section 19001) the taxes imposed by this section shall be treated as taxes to which the deficiency procedures of that article apply.

Source: Section 24875, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24875. (accessed Jun. 2, 2025).

24870
24871
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24872.6
24872.7
24873
24874
24875

Last Updated

May 12, 2025

§ 24875’s source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_24875

Original Source: Section 24875, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=24875. (last accessed May 12, 2025).