California § 23501 - There shall be imposed upon every corporation, other than a bank, for each taxabl
Full text of California Public Contract Code - PCC § 23501 — There shall be imposed upon every corporation, other than a bank, for each taxabl, with citation guidance and answers to common questions.
§ 23501. There shall be imposed upon every corporation, other than a bank, for each taxabl
(a) There shall be imposed upon every corporation, other than a bank, for each taxable year, a tax at the rate of 7.6 percent upon its net income derived from sources within this state on or after January 1, 1937, other than income for any period for which the corporation is subject to taxation under Chapter 2 (commencing with Section 23101), according to or measured by its net income. (b) For calendar or fiscal years ending after June 30, 1973, the rate of tax shall be 9 percent instead of 7.6 percent as provided by subdivision (a). (c) For calendar or fiscal years ending after December 31, 1979, the rate of tax shall be the rate specified for those years by Section 23151.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 23501
What does Public Contract Code - PCC § 23501 cover?
Section 23501 ("There shall be imposed upon every corporation, other than a bank, for each taxabl") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 23501?
A common citation format is "Public Contract Code - PCC § 23501" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 23501 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.