Today's Law As Amended


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SB-1310 Corporate franchise taxes.(2019-2020)



As Amends the Law Today


SECTION 1.

 Section 23102 of the Revenue and Taxation Code is amended to read:

23102.
 Any A  corporation holding or organized to hold stock or bonds of any other corporation or corporations, and not trading in stock or bonds or other securities held, and engaging in no activities other than the receipt and disbursement of dividends from stock or interest from bonds, is not a corporation doing business in this State state  for the purposes of this chapter.