For taxable years ending on or after December 31, 1995, the rate of tax on banks and financial corporations shall be the rate of tax specified in Section 23151, plus 2 percent.
Cal. Rev. & Tax. Code § 23186
Tax on Banks and Financial Corporations
Applied in 1 court decision — leading case Myers v. Board of Equalization (2015)
Most recently applied in Myers v. Board of Equalization (September 2015)
Amended by Stats. 2000, Ch. 862, Sec. 55
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.