CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

Senate Bill
No. 876

Introduced by Senator McGuire

January 21, 2020

An act relating to taxation.


LEGISLATIVE COUNSEL'S DIGEST


SB 876, as introduced, McGuire. Corporation Tax Law.
The Corporation Tax Law taxes according to, or measured by, net income, computed at a specified rate upon the basis of the net income for that taxable year, on every corporation, except as provided.
This bill would state the intent of the Legislature to enact legislation amending the Corporation Tax Law.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 It is the intent of the Legislature to enact legislation amending the Corporation Tax Law.