Revenue and Taxation Code section 25129

The property factor is a fraction, the numerator of which is the average value of the taxpayer’s real and tangible personal property owned or rented and used in this state during the taxable year and the denominator of which is the average value of all the taxpayer’s real and tangible personal property owned or rented and used during the taxable year.

Source: Section 25129, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=25129.­ (accessed May 10, 2025).

Last Updated

May 10, 2025

§ 25129’s source at ca​.gov