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Cal. Rev. & Tax. Code § 25123

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).

Added by Stats. 1966, Ch. 2.

Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in Sections 25124 through 25127 of this act.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.