{"data":{"id":"us-ca/rtc-24875","jurisdiction":"us-ca","citation":"RTC § 24875","heading":"","body":"(a) A financial asset securitization investment trust (FASIT) shall be subject to the minimum franchise tax imposed under Section 23153.\n(b) For purposes of Chapter 4 of Part 10.2 (commencing with Section 19001) the taxes imposed by this section shall be treated as taxes to which the deficiency procedures of that article apply.","path":["Revenue and Taxation Code - RTC","DIVISION 2. OTHER TAXES [6001. - 61050.]","PART 11. CORPORATION TAX LAW [23001. - 25141.]","CHAPTER 14.5. Regulated Investment Companies, Real Estate Investment Trusts, Real Estate Mortgage Investment Conduits, and Financial Asset Securitization Investment Trusts [24870. - 24876.]"],"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":"577400f91e9fbc25a7f926085beee3b445cd67d597107ff29e0a4b1e45406e87","source_id":"us-ca","stale":false,"prev":"us-ca/rtc-24874","next":"us-ca/rtc-24876"},"notice":"GroundRules: Original legal text. Not legal advice."}