BILL NUMBER: AB 43	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Bocanegra

                        DECEMBER 14, 2012

   An act to amend Section 23032 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 43, as introduced, Bocanegra. Corporation Tax Law.
   The Corporation Tax Law defines fiscal year to mean an accounting
period of 12 months or less ending on the last day of any month other
than December.
   This bill would make technical, nonsubstantive changes to that
provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 23032 of the Revenue and Taxation Code is
amended to read:
   23032.  "Fiscal year" means an accounting period of 
twelve   12  months or less ending on the last day
of  any   a  month other than December.