Statute · California Revenue and Taxation Code
Cal. Rev. & Tax. Code § 12231 — Basis of Tax for Title Insurers
Cal. Rev. & Tax. Code § 12231
- Type
- Statute
- Source
- California Revenue and Taxation Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In the case of an insurer transacting title insurance in this State, the basis of the tax is, in respect to each year, all income upon business done in this State, except:
Citator
Cal. Rev. & Tax. Code § 12231 — Basis of Tax for Title Insurers is in force in the current edition of the Code, and nothing recorded condemns it.
In the case of an insurer transacting title insurance in this State, the basis of the tax is, in respect to each year, all income upon business done in this State, except:
(a) Interest and dividends.
(b) Rents from real property.
(c) Profits from the sale or other disposition of investments.
(d) Income from investments.