Section 23281 Of Article 6. Corporations Resuming Business From California Revenue And Taxation Code >> Division 2. >> Part 11. >> Chapter 2. >> Article 6.
23281
. (a) (1) When a taxpayer ceases to do business within the
state during any taxable year and does not dissolve or withdraw from
the state during that year, and does not resume doing business during
the succeeding taxable year, its tax for the taxable year in which
it resumes doing business prior to January 1, 2000, shall be the
greater of the following:
(A) The tax computed upon the basis of the net income of the
income year in which it ceased doing business, except where the
income has already been included in the measure of a tax imposed by
this chapter.
(B) The minimum tax prescribed in Section 23153.
(2) When a taxpayer ceases to do business within the state during
any taxable year and does not dissolve or withdraw from the state
during that year, and does not resume doing business during the
succeeding taxable year, its tax for the taxable year in which it
resumes doing business, on or after January 1, 2000, shall be
according to or measured by its net income for the taxable year in
which it resumes doing business.
(b) The tax shall be due and payable at the time the corporation
resumes doing business, or on or before the 15th day of the third
month following the close of its taxable year, whichever is later.
All the provisions of this part relating to delinquent taxes shall be
applicable to the tax if it is not paid on or before its due date.
(c) This section does not apply to a corporation which became
subject to Chapter 3 (commencing with Section 23501) after it
discontinued doing business in this state (see Section 23224.5).