Revenue and Taxation Code section 25140

Accounting procedures shall be adopted which will separately reflect the revenues attributable to dividends received by corporations having commercial domiciles in this state.
In view of pending litigation concerning the proper treatment of intercompany dividends, it is not intended by enactment of this act that any inference be drawn from it in such litigation.

Source: Section 25140, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=25140.­ (updated Jan. 1, 1966; accessed Oct. 13, 2025).

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Verified:
Oct. 13, 2025

§ 25140's source at ca​.gov