Cal. Rev. & Tax. Code § 25131

Current through the 2023 Legislative Session.
Section 25131 - Average value of property

The average value of property shall be determined by averaging the values at the beginning and ending of the taxable year but the Franchise Tax Board may require the averaging of monthly values during the taxable year if reasonably required to reflect properly the average value of the taxpayer's property.

Ca. Rev. and Tax. Code § 25131

Amended by Stats 2000 ch 862 (AB 1843), s 223, eff. 1/1/2001.