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Cal. Rev. & Tax. Code § 25140

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).

Amended by Stats. 1966, 1st Ex

Accounting procedures shall be adopted which will separately reflect the revenues attributable to dividends received by corporations having commercial domiciles in this state.

In view of pending litigation concerning the proper treatment of intercompany dividends, it is not intended by enactment of this act that any inference be drawn from it in such litigation.

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