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Code · California · Revenue and Taxation Code

§ 24875

53 words·~1 min read·/ca/revenue-and-taxation-code/24875

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(a)A financial asset securitization investment trust (FASIT) shall be subject to the minimum franchise tax imposed under Section 23153.
(b)For purposes of Chapter 4 of Part 10.2 (commencing with Section 19001) the taxes imposed by this section shall be treated as taxes to which the deficiency procedures of that article apply.
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