The sales factor is a fraction, the numerator of which is the total sales of the taxpayer in this state during the taxable year, and the denominator of which is the total sales of the taxpayer everywhere during the taxable year.
Cal. Rev. & Tax. Code § 25134
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 2 court decisions — leading case General Mills, Inc. v. Franchise Tax Board (2012)
Most recently applied in General Mills, Inc. v. Franchise Tax Board (August 2012)
Amended by Stats. 2000, Ch. 862, Sec. 225
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.