BILL NUMBER: AB 2078	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Charles Calderon

                        FEBRUARY 18, 2010

   An act to amend Section 23040 of the Revenue and Taxation Code,
relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2078, as introduced, Charles Calderon. Corporation taxes.
   The Corporation Tax Law provides that income derived from or
attributable to sources within this state includes income from
specified types of property.
   This bill would make technical, nonsubstantive changes 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 23040 of the Revenue and Taxation Code is
amended to read:
   23040.  Income derived from or attributable to sources within this
 State   state  includes income from
tangible or intangible property located or having a situs in this
 State   state  and income from any
activities carried on in this  State   state
 , regardless of whether carried on in intrastate, interstate
 ,  or foreign commerce.