California Law (Last Updated: March 4, 2014) |
Revenue and Taxation Code - RTC |
Division 2. OTHER TAXES |
Part 11. CORPORATION TAX LAW |
Chapter 6. Gross Income |
ARTICLE 1. Definitions |
Section 24272.
Latest version.
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For the purposes of the tax imposed under Chapter 2 (commencing with Section 23101), "gross income" includes all interest received from federal, state, municipal or other bonds.
(Amended by Stats. 1984, Ch. 193, Sec. 126.)