Title RTC, California Rev. & Tax. Code

(a) For the taxable years beginning on or after January 1, 2017, and before January 1, 2028, there shall be allowed as a credit against the “tax,” as described in Section 12202 or 12231, an amount equal to 50 percent of the amount contributed by the taxpayer for the taxable year …

(a) There shall be allowed as a credit against the amount of tax, as defined in Section 28 of Article XIII of the California Constitution, an amount equal to the amount of the gross premiums tax due from the insurer on account of pilot project insurance for previously uninsured m…

(a) Notwithstanding Sections 12207 and 12208 to the contrary, for the years 2020 and 2021, the total amount of all credits otherwise allowable under Sections 12207 and 12208, including any credit amount allowed to be carried over pursuant to those sections or subdivision (c), sha…

(a) A life insurer or life insurance agent shall inform his or her client of the tax imposed under this part. (b) A life insurer or life insurance agent who quotes only one price that includes the gross premiums tax is exempt from compliance with the requirements of subdivision (…

The personal representative of every estate subject to the tax imposed by this part who is required to file a federal estate tax return shall file with the Controller on or before the federal estate tax return is required to be filed both of the following: (a) A return for the ta…

If the personal representative has obtained an extension of time for filing the federal estate tax return, the filing required by Section 13501 shall be similarly extended until the end of the time period granted in the extension of time for the federal estate tax return. A true …

If the personal representative files an amended federal estate tax return, he or she shall immediately file with the Controller an amended return with a true copy of the amended federal estate tax return. If the personal representative is required to pay an additional tax under t…

Upon final determination of the federal estate tax due, the personal representative shall, within 60 days after that determination, give written notice of it to the Controller. If any additional tax is due under this part by reason of this determination, the personal representati…

The person liable for payment of the federal generation skipping transfer tax shall be liable for the tax imposed by this part. (Added by Stats. 1977, Ch. 1079.)

The tax imposed by this part is due upon a taxable distribution or a taxable termination as determined under applicable provisions of the federal generation skipping transfer tax. (Added by Stats. 1977, Ch. 1079.)

The tax becomes delinquent from and after the last day allowed for filing a return for the generation skipping transfer. (Added by Stats. 1977, Ch. 1079.)

The tax shall be paid to the State Controller by remittance payable to the State Treasurer. (Added by Stats. 1977, Ch. 1079.)

Section 61 of the Internal Revenue Code, relating to gross income defined, shall apply, except as otherwise provided. (Amended by Stats. 1999, Ch. 987, Sec. 7. Effective October 10, 1999.)

(a) Section 62 of the Internal Revenue Code, relating to adjusted gross income defined, shall apply, except as otherwise provided. (b) Section 62(a)(2)(D) of the Internal Revenue Code, relating to certain expenses of elementary and secondary school teachers, shall not apply. (c) …

(a) Section 63 of the Internal Revenue Code, relating to taxable income defined, shall apply, except as otherwise provided. (b) The deduction allowed by Section 17208.1, relating to interest on loans or financed indebtedness obtained from a publicly owned utility for the purchase…

(a) A taxpayer may elect to take a standard deduction as follows: (1) In the case of a taxpayer, other than a head of a household or a surviving spouse (as defined in Section 17046) or a married couple filing a joint return, the standard deduction shall be one thousand eight hund…

Section 64 of the Internal Revenue Code, relating to ordinary income defined, shall apply, except as otherwise provided. (Amended by Stats. 1999, Ch. 987, Sec. 9. Effective October 10, 1999.)

Section 65 of the Internal Revenue Code, relating to ordinary loss defined, shall apply, except as otherwise provided. (Amended by Stats. 1999, Ch. 987, Sec. 10. Effective October 10, 1999.)

(a) Section 67 of the Internal Revenue Code, relating to the 2-percent floor on miscellaneous itemized deductions, shall apply, except as otherwise provided. (b) A deduction allowable under this part that exceeds three thousand dollars ($3,000) and is described in Section 17049, …

Section 68 of the Internal Revenue Code, relating to overall limitation on itemized deductions, shall apply, except as otherwise provided. (a) “Six percent” shall be substituted for “3 percent” in Section 68(a)(1) of the Internal Revenue Code. (b) Section 68(b)(1) of the Internal…

(a) Section 988 of the Internal Revenue Code, relating to treatment of certain foreign currency transactions, shall apply, except as otherwise provided. (b) Section 988(a)(3) of the Internal Revenue Code, relating to source, shall not apply. (Amended by Stats. 1993, Ch. 877, Sec.…

(a) An individual may designate on the tax return that a contribution in excess of the tax liability, if any, be made to the Parkinson’s Disease Research Voluntary Tax Contribution Fund, established by Section 18701. That designation is to be used as a voluntary checkoff on the t…

There is hereby established in the State Treasury the Parkinson’s Disease Research Voluntary Tax Contribution Fund to receive contributions made pursuant to Section 18700. The Franchise Tax Board shall notify the Controller of both the amount of money paid by taxpayers in excess …

(a) Notwithstanding Section 13340 of the Government Code, all moneys in the Parkinson’s Disease Research Voluntary Tax Contribution Fund shall be continuously appropriated, without regard to fiscal year, as follows: (1) To the Franchise Tax Board and the Controller for reimbursem…

(a) Except as otherwise provided in subdivision (b), this article shall remain operative only until January 1 of the seventh calendar year following the first appearance of the Parkinson’s Disease Research Voluntary Tax Contribution Fund on the tax return, and is repealed as of D…

Unless the context otherwise requires, the definitions contained in this article govern the construction of this chapter. The definition of a word applies to any variants thereof; the singular tense of a word includes the plural. (Added by Stats. 1973, Ch. 358.)

“Ad valorem property taxation” means any source of revenue derived from applying a property tax rate to the assessed value of property. (Added by Stats. 1973, Ch. 358.)

“City” means any city whether general law or charter, except a city and county. (Added by Stats. 1973, Ch. 358.)

“Classification of property” means any enumeration or grouping of property by a statute which results in it being treated differently from other property for purposes of taxation. (Added by Stats. 1973, Ch. 358.)

“Costs mandated by the courts” means any increased costs incurred by a local agency or school district in order to comply with a final court order issued after January 1, 1973, or with a final court order issued prior to July 1, 1972, if the costs incurred by a local agency or sc…

“Costs mandated by the federal government” means any increased costs mandated specifically by the federal government upon a local agency or school district after January 1, 1973, in order to comply with requirements of federal statute or regulation. “Costs mandated by the federal…

“Costs mandated by the voters” means any increased costs expressly mandated upon a local agency or school district after September 2, 1975, by any statute or any amendment to the State Constitution adopted or enacted pursuant to the approval of a statewide ballot measure by the v…

“County” means any chartered or general law county. “County” includes a city and county. (Added by Stats. 1973, Ch. 358.)

“School district” means any school district, community college district, or county superintendent of schools. (Added by Stats. 1977, Ch. 1135.)

“Executive order” means any order, plan, requirement, rule or regulation issued: (a) By the Governor, or (b) By any officer or official serving at the pleasure of the Governor, or (c) By any agency, department, board or commission of state government; provided that the term “exec…

“Law enacted after January 1, 1973,” means any statute enacted by the Legislature after January 1, 1973. (Added by Stats. 1975, Ch. 486.)

“Local agency” means any city, county, special district, authority or other political subdivision of the state. (Amended by Stats. 1981, Ch. 242, Sec. 8. Effective July 21, 1981.)

“Percentage change in the cost of living” means the percentage change from April 1 of the prior year to April 1 of the current year in the California Consumer Price Index for all items, as determined by the California Department of Industrial Relations. (Added by Stats. 1973, Ch.…

“Property tax rate” means any rate of tax or assessment which is levied per unit of assessed value of property. “Property tax rate” includes any rate or assessment which is levied on the value of land only, as well as any rate or assessment which is levied on the value of land an…

“Sales tax exemption” means any provision which causes a reduction in revenue to a city or county under Part 1.5 (commencing with Section 7200) of Division 2. (Added by Stats. 1973, Ch. 358.)

“Special district” means any agency of the state for the local performance of governmental or proprietary functions within limited boundaries. “Special district” includes a county service area, a maintenance district or area, an improvement district or improvement zone, or any ot…

County free libraries established pursuant to Chapter 2 (commencing with Section 27151) of Division 20 of the Education Code; areas receiving county fire protection services pursuant to Section 25643 of the Government Code; and county road districts established pursuant to Chapte…

(a) There shall be imposed upon every corporation, other than a bank, for each taxable year, a tax at the rate of 7.6 percent upon its net income derived from sources within this state on or after January 1, 1937, other than income for any period for which the corporation is subj…

There shall be offset against the tax hereby imposed for any period the amount of any tax imposed on the taxpayer under Chapter 2 for the same period. In the event that taxes, interest and penalties have been or shall be assessed against, paid by or collected from a taxpayer unde…

Where a corporation formerly subject to tax under Chapter 2 (commencing with Section 23101) becomes subject to tax under Chapter 3 (commencing with Section 23501), the tax for the year in which the change occurs will be assessed under Chapter 2 (commencing with Section 23101) and…

It is hereby declared to be the policy of the state and the intent of this chapter to provide for: (a) The satisfaction and removal of any lien secured to any parcel of real property appearing on the current roll. (b) The payment of taxes on any parcel of real property separately…