§ 25140
54 words·~1 min read·
/ca/revenue-and-taxation-code/25140A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Accounting procedures shall be adopted which will separately reflect the revenues attributable to dividends received by corporations having commercial domiciles in this state.
In view of pending litigation concerning the proper treatment of intercompany dividends, it is not intended by enactment of this act that any inference be drawn from it in such litigation.