§23041
1 cases·1 cited
Statute Text — 26 U.S.C. §23041
Statute text not available for this section.
1 Citing Cases
23041(a) (West 1992) - 24 - California franchise tax was measured by the preceding year’s income, accrual basis taxpayers could accrue the tax only during the taxable year. Under pre-1972 law, withdrawal or dissolution relieved the taxpayer from taxation for the period of the taxable year during which the corporate franchise was not exercised