BILL NUMBER: SB 434	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Hill

                        FEBRUARY 21, 2013

   An act to amend Section 17010 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 434, as introduced, Hill. Personal income taxes.
   The Personal Income Tax Law imposes taxes on income and provides
definitions of specified terms for purposes of that law, including a
definition for "taxable year."
   This bill would make a technical, nonsubstantive change to those
provisions.
   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 17010 of the Revenue and Taxation Code is
amended to read:
   17010.  "Taxable year" means  either  the calendar year
or the fiscal year upon the basis of which the taxable income is
computed under this part. If no fiscal year has been established,
"taxable year" means the calendar year.
   "Taxable year" means, in the case of a return made for a
fractional part of a year under this part or under regulations
prescribed by the Franchise Tax Board, the period for which the
return is made.