Cal. Rev. & Tax. Code § 12231

Current through the 2023 Legislative Session.

Section 12231 - Basis of tax for insurer transacting title insurance

In the case of an insurer transacting title insurance in this State, the basis of the tax is, in respect to each year, all income upon business done in this State, except:

(a) Interest and dividends.

(b) Rents from real property.

(c) Profits from the sale or other disposition of investments.

(d) Income from investments.

Ca. Rev. and Tax. Code § 12231

Added by Stats. 1961, Ch. 740.