BILL NUMBER: AB 2271	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Williams

                        FEBRUARY 24, 2012

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


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2271, as introduced, Williams. Corporation Tax Law.
   The Corporation Tax Law defines fiscal year to mean an accounting
period of twelve months or less ending on the last day of any month
other than December.
   This bill would make a technical, nonsubstantive change 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.