§ 23706
59 words·~1 min read·
/ca/revenue-and-taxation-code/23706A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any exemption from the bank and corporation franchise tax under Chapter 2 (commencing with Section 23101) or the corporation income tax under Chapter 3 (commencing with Section 23501), granted by any California statute on or after January 1, 1985, for an organization which is an instrumentality of this state, shall be provided for in this part of the code.