California Revenue & Taxation Code
Cal. Rev. & Tax. Code § 24875
Official textleginfo.legislature.ca.govlast amended
# (a)
A financial asset securitization investment trust (FASIT) shall be subject to the minimum franchise tax imposed under Section 23153.
# (b)
For purposes of Chapter 4 of Part 10.2 (commencing with Section 19001) the taxes imposed by this section shall be treated as taxes to which the deficiency procedures of that article apply.
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