Revenue and Taxation Code section 25122

For purposes of allocation and apportionment of income under this act, a taxpayer is taxable in another state if (a)in that state it is subject to a net income tax, a franchise tax measured by net income, a franchise tax for the privilege of doing business, or a corporate stock tax, or (b)that state has jurisdiction to subject the taxpayer to a net income tax regardless of whether, in fact, the state does or does not.

Source: Section 25122, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=25122.­ (updated Jan. 1, 1966; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 25122's source at ca​.gov