CALIFORNIA LEGISLATURE— 2019–2020 REGULAR SESSION

99

Introduced by Assembly Member Diep

February 21, 2020

An act to amend Section 17011 of the Revenue and Taxation Code, relating to taxation.

Vote: majority   Appropriation: no   Fiscal committee: no   Local program: no

LEGISLATIVE COUNSEL’S DIGEST

The Personal Income Tax Law imposes taxes on income and provides definitions of specified terms for purposes of that law, including a definition for “fiscal year.”

This bill would make a nonsubstantive change to that definition provision.

The people of the State of California do enact as follows:

SECTION 1.

Section 17011 of the Revenue and Taxation Code is amended to read:

17011.

“Fiscal year” means an accounting period of 12 months ending that ends on the last day of any month other than December.