Section 23114 - Corporation not doing business in state during taxable year and taxable year was 15 days or less(a) A corporation shall not be subject to the taxes imposed by this chapter if the corporation did no business in this state during the taxable year and the taxable year was 15 days or less.(b) The period of time for which a corporation is not subject to taxes imposed by this chapter as provided in subdivision (a) may not be considered a taxable year for purposes of subdivision (e) or paragraph (1) of subdivision (f) of Section 23153.Ca. Rev. and Tax. Code § 23114
Amended by Stats 2003 ch 455 (AB 1742),s 7, eff. 1/1/2004.Amended by Stats 2000 ch 862 (AB 1843), s 46, eff. 1/1/2001.