Any taxpayer having income from business activity which is taxable both within and without this state shall allocate and apportion its net income as provided in this act.
Cal. Rev. & Tax. Code § 25121
Uniform Division of Income for Tax Purposes Act
Known as the Uniform Division of Income for Tax Purposes Act
The act spans §§ 25120–25141 (25 sections).
Applied in 1 court decision — leading case United States v. Lockheed Corp. (1987)
Most recently applied in United States v. Lockheed Corp. (April 1987)
Added by Stats. 1966, Ch. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.