{"data":{"id":"us-ca/rtc-23201","jurisdiction":"us-ca","citation":"RTC § 23201","heading":"","body":"(a) In the case of a taxpayer whose tax for the first taxable year was computed under Sections 23222 to 23224, inclusive (or corresponding sections of prior laws), there shall be allowed as a credit against the tax for the taxable year of dissolution or withdrawal, the excess of the tax paid over the minimum tax for the first taxable year which constituted a full 12 months of doing business in this state and whose income has been included in the measure of tax of a succeeding taxable year.\n(b) Any credit previously allowed under this section or for a year in which the taxpayer ceased doing business shall not be allowed again in computing a credit under this section.","path":["Revenue and Taxation Code - RTC","DIVISION 2. OTHER TAXES [6001. - 61050.]","PART 11. CORPORATION TAX LAW [23001. - 25141.]","CHAPTER 2. The Corporation Franchise Tax [23101. - 23364a.]","ARTICLE 3.5. Credit for Prepaid Tax [23201. - 23204.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"ef0e33e1442a1a3e62119c86337444165bc070b4985d7faed90e28fb707b100a","source_id":"us-ca","stale":false,"prev":"us-ca/rtc-23188","next":"us-ca/rtc-23202"},"notice":"GroundRules: Original legal text. Not legal advice."}