reglab/statecodes huggingface dataset:
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Section 17053(b) - Eligibility for Retirement Income Credit. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 7-17-75; effective thirtieth day thereafter (Register 75, No.
					 29).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
					 (Register 81, No. 52).
Note: Authority cited: Section
						19253,
						Revenue and Taxation Code. Reference: Section
						19253,
						Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Section 17053(c) - Retirement Income. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 7-17-75; effective thirtieth day thereafter (Register 75, No.
					 29).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
					 (Register 81, No. 52).
Note: Authority cited: Section
						19253,
						Revenue and Taxation Code. Reference: Section
						19253,
						Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Section 17053(d) - Limitation on Amount of Retirement Income. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 7-17-75; effective thirtieth day thereafter (Register 75, No.
					 29).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
					 (Register 81, No. 52).
Note: Authority cited: Section
						19253,
						Revenue and Taxation Code. Reference: Section
						19253,
						Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Section 17053(e) - Illustration of Application of Section 17053. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
					 section filed 7-17-75; effective thirtieth day thereafter (Register 75, No.
					 29).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
					 (Register 81, No. 52).
Note: Authority cited: Section
						19253,
						Revenue and Taxation Code. Reference: Section
						19253,
						Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.36-0 - Table of Contents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Table of Contents--Regulation Sections
						17053.36-1 through
						17053.36-9
Section
						17053.36-1.The Joint Strike
						Fighter (JSF) Wage Credit.
(a)
					 In General
(b) Joint Strike Fighter
					 Property Credit
(c) Cross
					 References
(d) General
					 References
Section
						17053.36-2.
						Definitions.
(a) Joint Strike
					 Fighter
(b) Initial Contract or
					 Initial Subcontract
(c) Joint
					 Strike Fighter Program
(d)
					 Manufactured
(e) Product For
					 Ultimate Use in a Joint Strike Fighter
Section
						17053.36-3. Qualified
						Taxpayer.
(a) Regulation 17053.37-3
					 Shall Apply
Section
						17053.36-4. Qualified
						Wages.
(a) In General
(b) Amount of Qualified Wages
Section
						17053.36-5. Qualified
						Employee.
(a) In
					 General
(b) Limitation
(1) Computation
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.36-1 - The Joint Strike Fighter (JSF) Wage Credit

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The Joint Strike Fighter (JSF) Wage Credit -- (See
						Regulation
						17053.36-0
						for Table of Contents.)
(a) In
					 General. The Joint Strike Fighter (JSF) Wage Credit is allowed to any qualified
					 taxpayer for each taxable year beginning on or after January 1, 2001, and
					 before January 1, 2006, in the following amounts:
(1) Fifty percent of qualified wages paid or
					 incurred during any taxable year beginning on or after January 1, 2001, and
					 before January 1, 2002.
(2) Forty
					 percent of qualified wages paid or incurred during any taxable year beginning
					 on or after January 1, 2002, and before January 1, 2003.
(3) Thirty percent of qualified wages paid or
					 incurred during any taxable year beginning on or after January 1, 2003, and
					 before January 1, 2004.
(4) Twenty
					 percent of qualified wages paid or incurred during any taxable year beginning
					 on or after January 1, 2004, and before January 1, 2005.
(5) Ten percent of qualified wages paid or
					 incurred during any taxable year beginning on or after January 1, 2005, and
					 before January 1, 2006.
The credit allowed by Revenue and Taxation Code section
						17053.36
						and this regulation shall not exceed ten thousand dollars ($10,000) per year,
						per qualified employee, subject to reduction as provided in Revenue and
						Taxation Code section
						17053.36, subsection (c), and this
						Regulation 17053.36-5 for employees that are qualified employees for only part
						of a taxable year.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.36-3 - Qualified Taxpayer

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Qualified Taxpayer -- (See Regulation 17053.36-0 for
						Table of Contents.)
(a) Regulation
					 17053.37-3 Shall Apply. For purposes of Regulations 17053.36-1 through
					 17053.36-9, inclusive, the provisions of Regulation 17053.37-3, as in effect on
					 the date these regulations become effective, shall apply and are incorporated
					 herein by reference. The term "qualified taxpayer" in this regulation shall
					 have the same meaning as the term qualified taxpayer in Regulation
					 17053.37-3.
1. New
						section filed 1-23-2003; operative 2-22-2003 (Register 2003, No.
						4).
Note: Authority cited: Section
						  19503,
						  Revenue and Taxation Code. Reference: Section
						  17053.36,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.36-7 - JSF Wage Credit Carryforwards

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
JSF Wage Credit Carryforwards -- (See Regulation
						17053.36-0 for Table of Contents.)
(a)
					 In General. In any case where the JSF Wage Credit exceeds the "tax," the excess
					 may be carried forward to reduce the "tax" for the eight taxable years
					 succeeding the taxable year for which the JSF Wage Credit is allowed, if
					 necessary, until the credit is exhausted.
(b) Carryforwards for Pass-Through Entities.
					 In the case of any JSF Wage Credit allowed to a pass-through entity, the
					 determination of the applicable carryover period for any JSF Wage Credit
					 required to be carried forward shall be made at the pass-through entity
					 level.
(c) Carryforwards Permitted
					 After Sunset. For taxable years commencing on or after January 1, 2006, any
					 unused JSF Wage Credit may be carried forward, as provided above, until the
					 unused JSF Wage Credit is exhausted.
1. New
						section filed 1-23-2003; operative 2-22-2003 (Register 2003, No.
						4).
Note: Authority cited: Section
						  19503,
						  Revenue and Taxation Code. Reference: Section
						  17053.36,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.36-8 - Recordkeeping Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Recordkeeping Requirements -- (See Regulation 17053.36-0
						for Table of Contents.)
(a) In
					 General. For purposes of Regulations 17053.36-1 through 17053.36-9, inclusive,
					 a qualified taxpayer shall be required to maintain books and records that are
					 adequate to substantiate its entitlement to any claimed JSF Wage Credit. These
					 books and records should be retained for as long as the statute of limitations
					 on assessment for the taxable year for which the JSF Wage Credit was allowed
					 remains open, and, in the case of any JSF Wage Credit that is being carried
					 forward, for the additional number of years that the actual carryforward of
					 such JSF Wage Credit occurs.
(b)
					 Books and Records. The books and records maintained by the qualified taxpayer
					 should be sufficient to clearly establish all necessary facts that affect the
					 allowance and amount of the JSF Wage Credit. For this purpose, "adequate"
					 recordkeeping depends upon the sufficiency of the information contained in the
					 documentation. In many cases, the books and records normally maintained for
					 California income or franchise tax purposes and wage reporting purposes will be
					 adequate substantiation for the JSF Wage Credit.
1. New
						section filed 1-23-2003; operative 2-22-2003 (Register 2003, No.
						4).
Note: Authority cited: Section
						  19503,
						  Revenue and Taxation Code. Reference: Section
						  17053.36,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.36-9 - Miscellaneous Provisions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Miscellaneous Provisions -- (See Regulation
						17053.36-0
						for Table of Contents.)
(a) Effective
					 Dates of the JSF Wage Credit. The JSF Wage Credit shall cease to be effective
					 on December 1, 2006; however, any unused credit may be carried forward, as
					 provided in Revenue and Taxation Code section
					 17053.36,
					 subsection (g), and this regulation.
(b) Enterprise Zone Hiring Credit. Under
					 Revenue and Taxation Code sections
					 17053.36 and
					 17053.75,
					 a qualified taxpayer that also operates in an Enterprise Zone may claim both
					 the JSF Wage Credit and the Enterprise Zone hiring credit for wages paid to an
					 employee to the extent that all of the requirements of each of those sections
					 are satisfied.
1. New
						section filed 1-23-2003; operative 2-22-2003 (Register 2003, No.
						4).
Note: Authority cited: Section
						  19503,
						  Revenue and Taxation Code. Reference: Section
						  17053.36,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.37-0 - Table of Contents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(Table of Contents -- Regulation Sections
						17053.37-1 through
						17053.37-11)
Section
						17053.37-1. The Joint Strike
						Fighter (JSF) Property Credit.
(a) In General
(b) Cross References
(c) General References
Section
						17053.37-2.
						Definitions.
(a) Capitalized
					 Labor
(b) Fabricating
(c) Joint Strike Fighter
(d) Initial Contract or Initial
					 Subcontract
(e) Joint Strike
					 Fighter Program
(f)
					 Manufacturing
(g)
					 Packaging
(h) Placed in
					 Service
(i) Product For Ultimate
					 Use in a Joint Strike Fighter
(j)
					 Primarily
(k) Process
(l) Processing
(m) Qualified Activities
Section
						17053.37-3. Qualified
						Taxpayer.
(a) In
					 General
(b) Pass-Through
					 Entities
Section
						17053.37-4. Qualified
						Costs.
(a) In General
(b) California Sales and Use Tax Payment
					 Requirement
(c) Capitalization
					 Requirement
(d) Capitalized Labor
					 Costs
(1) Capitalized Labor Costs Under
					 Third-Party Contracts
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.37-2 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Definitions -- (See Regulation 17053.37-0 for Table of
						Contents.)
For purposes of Regulations 17053.37-1 through
						17053.37-11, inclusive, the following definitions shall apply:
(a) Capitalized Labor. The term "capitalized
					 labor" shall mean all costs of labor that are direct costs, as that term is
					 used in Internal Revenue Code section
					 263 A and defined in the
					 regulations thereunder, that can be identified or associated with and are
					 properly allocable to the construction, modification, or installation of
					 specific items of qualified property. For this purpose, labor encompasses
					 full-time and part-time employees, as well as contract employees and
					 independent contractors.
(1) Direct labor
					 costs shall include all elements of compensation, such as basic compensation,
					 overtime pay, vacation pay, holiday pay, sick leave pay (other than payments
					 pursuant to a wage continuation plan under Internal Revenue Code section
					 105(d) as it
					 existed prior to its repeal in 1983), shift differential, payroll taxes, and
					 payments to a supplemental unemployment benefit plan, but shall not include any
					 indirect labor costs.
(2) Indirect
					 labor costs are costs that cannot be identified or associated with the
					 construction, modification, or installation of specific items of qualified
					 property. Indirect labor costs include, but are not limited to, training costs,
					 officers' compensation, pension and other related costs, and employee benefit
					 expenses (including payments pursuant to a wage continuation plan under
					 Internal Revenue Code section
					 105(d) as it
					 existed prior to its repeal in 1983).
(3) In determining whether direct costs of
					 labor are properly allocable to the construction, modification, or installation
					 of a specific item of qualified property, the qualified taxpayer shall be
					 required to use the same method of allocation for California income and
					 franchise tax purposes that the taxpayer used for federal income tax purposes
					 under the uniform capitalization allocation rules specified in Treasury
					 Regulation section
					 1.263 A-1 (as in effect on the
					 date Regulation 17053.37-2 is effective).
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.37-8 - Recapture Rules

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Recapture Rules -- (See Regulation
						17053.37-0
						for Table of Contents.)
(a) In
					 General. The JSF Property Credit shall not be allowed or shall be recaptured
					 under the rules of this regulation in any case where a disposition occurs
					 within one year or less of the date the qualified property is first placed in
					 service in this state.
(b)
					 Disposition. For purposes of this regulation, the term "disposition" shall
					 include any of the following events:
(1)
					 Removal of the qualified property from this state;
(2) Disposition of the qualified property to
					 any party that is not a related party (as defined in Internal Revenue Code
					 sections 267,
					 318 or
					 707), whether by sale, gift, a
					 transfer upon the foreclosure of a security interest, or otherwise;
(3) Use of the qualified property by the
					 qualified taxpayer primarily in any non-qualified activity; or
(4) Acquisition by a lessee (or any party
					 related to the lessee under Internal Revenue Code sections
					 267 or
					 318) of qualified property that is
					 being leased by such lessee.
However, the term "disposition" shall not include any of
						the following events:
(A) a mere
					 transfer of legal title to a creditor upon creation of a security
					 interest;
(B) a transfer by a
					 qualified taxpayer of legal title to qualified property to a lessor where the
					 lessor is not treated as the tax owner of such property and the lease is
					 properly characterized as a financing transaction under California income tax
					 principles;
(C) any election by a C
					 corporation to become an S corporation; or
(D) any destruction of qualified property
					 which qualifies as an involuntary conversion under Internal Revenue Code
					 section 1033.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.37-9 - JSF Property Credit Carryforwards

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
JSF Property Credit Carryforwards -- (See Regulation
						17053.37-0 for Table of Contents.)
(a)
					 In General. In any case where the JSF Property Credit exceeds the "tax," the
					 excess may be carried forward to reduce the "tax" for the eight taxable years
					 succeeding the taxable year for which the JSF Property Credit is allowed, if
					 necessary, until the credit is exhausted.
(b) Carryforwards for Pass-Through Entities.
					 In the case of any JSF Property Credit allowed to a pass-through entity, the
					 determination of the applicable carryover period for any JSF Property Credit
					 required to be carried forward shall be made at the pass-through entity
					 level.
(c) Carryforwards Permitted
					 After Sunset. For taxable years commencing on or after January 1, 2006, any
					 unused JSF Property Credit may be carried forward, as provided above, until the
					 unused JSF Property Credit is exhausted.
1. New
						section filed 1-23-2003; operative 2-22-2003 (Register 2003, No.
						4).
Note: Authority cited: Section
						  19503,
						  Revenue and Taxation Code. Reference: Section
						  17053.37,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.37-11 - Miscellaneous Provisions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Miscellaneous Provisions -- (See Regulation
						17053.37-0
						for Table of Contents.)
(a) Effective
					 Dates of the JSF Property Credit. The JSF Property Credit shall cease to be
					 effective on December 1, 2006; however, any unused credit may be carried
					 forward, as provided in Revenue and Taxation Code section
					 17053.37,
					 subsection (g), and Regulation 17053.37-9.
(b) Manufacturers' Investment Credit (MIC).
					 Under Revenue and Taxation Code section
					 17053.37, in any case where a
					 credit would be allowed for qualified property under both that provision and
					 the Manufacturers' Investment Credit (MIC) provided in Revenue and Taxation
					 Code section
					 17053.49,
					 a qualified taxpayer may claim either the MIC credit or the JSF Property
					 Credit. Thus, a qualified taxpayer may not claim both the JSF Property Credit
					 and the MIC for the costs of the same qualified property.
(c) Enterprise Zone Sales or Use Tax Credit.
					 Under Revenue and Taxation Code sections
					 17053.37
					 and
					 17053.70,
					 a qualified taxpayer that also operates in an Enterprise Zone may claim both
					 the JSF Property Credit and the Enterprise Zone sales or use tax credit on the
					 same item of qualified property to the extent that all of the requirements of
					 each of those sections are satisfied.
1. New
						section filed 1-23-2003; operative 2-22-2003 (Register 2003, No.
						4).
Note: Authority cited: Section
						  19503,
						  Revenue and Taxation Code. Reference: Section
						  17053.37,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.49-0 - Table of Contents

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Regulation Sections
						17053.49-1 Through
						17053.49-11
§
												17053.49-1. The Manufacturers'
						Investment Credit (MIC)
(a) In
					 General
(b) MIC for Qualified Costs
					 Paid or Incurred in 1994 Must Be Claimed on Qualified Taxpayer's Return for
					 First Taxable Year Beginning on or After January 1, 1995
(c) Cross References
(d) General References
§
												17053.49-2.
						Definitions
(a)
					 Biopharmaceutical Activities
(b)
					 Capitalized Labor
(c)
					 Fabricating
(d) Gross
					 Receipts
(e)
					 Manufacturing
(f) Net
					 Assets
(g) Other Biotechnology
					 Activities
(h) Packaging
(i) Placed in Service
(j) Pollution Control
(k) Primarily
(l) Process
(m) Processing
(n) Qualified Activity
(o) Recycling
(p) Refining
(q) Research and Development
(r) SIC Codes
(s) SIC Manual
(t) Small Business
(u) Total MIC
§
												17053.49-3. Qualified
						Taxpayer
(a) In
					 General
(b) Business Activities
					 Treated as an Establishment
(1) Establishment
A. Activities Conducted at Different Physical
					 Locations
B. Activities Conducted
					 at a Single Physical Location
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.49-7 - Reserved

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.49-8 - Recapture Rules

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(See Regulation Section
						17053.49-0 for Table of
						Contents.)
(a)
In
					 General.
The MIC shall not be allowed or shall be recaptured under the
					 rules of this regulation in any case where a disposition occurs within one year
					 or less of the date the qualified property is first placed in service in this
					 state.
(b)
Disposition.
For purposes of this regulation, the term
					 "disposition" shall include any of the following events:
(1) Removal of the qualified property from
					 this state;
(2) Disposition of the
					 qualified property to any party that is not a related party (as defined in
					 Internal Revenue Code Sections
					 267,
					 318 or
					 707), whether by sale, gift, a
					 transfer upon the foreclosure of a security interest, or otherwise;
(3) Use of the qualified property by the
					 qualified taxpayer primarily in any non-qualified activity; or
(4) Acquisition by a lessee (or any party
					 related to the lessee under Internal Revenue Code Sections
					 267 or
					 318) of qualified property that is
					 being leased by such lessee.
However the term "disposition" shall not include any of
						the following events:
A. a mere
					 transfer of legal title to a creditor upon creation of a security
					 interest;
B. a transfer by a
					 qualified taxpayer of legal title to qualified property to a lessor where the
					 lessor is not treated as the tax owner of such property and the lease is
					 properly characterized as a financing transaction under California income tax
					 principles;
C. any election by a C
					 corporation to become an S corporation; or
D. any destruction of qualified property
					 which qualifies as an involuntary conversion under Section
					 1033 of the Internal Revenue
					 Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17053.49-9 - MIC Carryforwards

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(See Regulation Section
						17053.49-0 for Table of
						Contents.)
(a)
In
					 General.
In any case where the MIC exceeds the "net tax," the excess
					 may be carried forward to reduce the net tax in the following year, and
					 succeeding years, as follows:
(1) Except as
					 provided in subsection (a)(2) of this regulation and subsection (c) of this
					 regulation, for the eight taxable years succeeding the taxable year for which
					 the MIC is allowed, if necessary, until the credit is exhausted.
(2) Except as provided in subsection (c) of
					 this regulation, in the case of any small business, for the ten taxable years
					 succeeding the taxable year for which the MIC is allowed, if necessary, until
					 the credit is exhausted.
Except as provided in this regulation, the amount of MIC
						that may be carried over to the following year, and succeeding years, including
						carryforwards from any and all prior years, is not
						limited.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17054(a) - Credit for Personal Exemptions. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 9-30-75; effective thirtieth day thereafter (Register 75, No.
						40).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
						(Register 81, No. 52).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17054(b) - Additional Exemptions for Dependents. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 9-30-75; effective thirtieth day thereafter (Register 75, No.
						40).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
						(Register 81, No. 52).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17054.5(a) - Credits for Maintaining Certain Students as Members of Taxpayer's Household. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 9-30-75; effective thirtieth day thereafter (Register 75, No.
						40).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
						(Register 81, No. 52).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17054.5(b) - Definitions. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 9-30-75; effective thirtieth day thereafter (Register 75, No.
						40).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
						(Register 81, No. 52).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17056 - General Definition of a Dependent. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 1-9-76; effective thirtieth day thereafter (Register 76, No.
						2).
2. Repealer filed 1-15-81; effective thirtieth day thereafter
						(Register 81, No. 3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17057 - Rules Relating to General Definition of Dependent. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 1-9-76; effective thirtieth day thereafter (Register 76, No.
						2).
2. Repealer filed 1-15-81; effective thirtieth day thereafter
						(Register 81, No. 3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17058 - Multiple Support Agreements. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 1-9-76; effective thirtieth day thereafter (Register 76, No.
						2).
2. Repealer filed 1-15-81; effective thirtieth day thereafter
						(Register 81, No. 3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17059.5 - Support Test in Case of Child of Divorced or Separated Parents. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 1-9-76; effective thirtieth day thereafter (Register 76, No.
						2).
2. Repealer filed 1-15-81; effective thirtieth day thereafter
						(Register 81, No. 3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17060 - Determination of Status. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 6-10-76; effective thirtieth day thereafter (Register 76, No.
						24).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
						(Register 81, No. 52).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17064.5 - Adjustment to Items of Tax Preference Where NO Tax Reduction Results. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-12-82; effective thirtieth day thereafter (Register 82, No.
						11).
2. Change without regulatory effect repealing section filed
						9-30-97 pursuant to section
						100, title 1, California Code of
						Regulations (Register 97, No. 40).
Note: Authority cited: Sections
						  17064.5(f)
						  and
						  19253,
						  Revenue and Taxation Code. Reference: Sections
						  17062,
						  17063,
						  17064.5
						  and
						  17064.6,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 2 - Imposition of Tax › Article 1 - Joint Strike Fighter Wage Credit › Section 17069 - Special Tax Credit. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 12-31-73 as an emergency; effective upon filing (Register 74, No.
						1).
2. Certificate of Compliance filed 2-27-74 (Register 74, No.
						9).
3. Repealer filed 12-23-81; effective thirtieth day thereafter
						(Register 81, No. 52).
Note: Authority cited: Sections
						  19253
						  and
						  26422,
						  Revenue and Taxation Code. Reference: Section
						  11125,
						  Gov. Code and Sections
						  17048,
						  17069
						  and
						  25564,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(a) - Gross Income. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						Article 1 (Sections
						17071(a) through
						17071(q) and
						17072) filed 11-13-62; effective
						thirtieth day thereafter (Register 62, No. 23).
2. Repealer filed
						1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(b) - Compensation for Services, Including Fees, Commissions, and Similar Items. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 2-21-79; effective thirtieth day thereafter (Register 79, No.
						7).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(c) - Gross Income Derived from Business. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 2-21-79; effective thirtieth day thereafter (Register 79,
						No.7).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(d) - Gross Income of Farmers. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 2-21-79; effective thirtieth day thereafter (Register 79,
						No.7).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(e) - Gains Derived from Dealings in Property. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(f) - Interest. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 2-21-79; effective thirtieth day thereafter (Register 79, No.
						7).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(g) - Rents and Royalties. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(h) - Dividends. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(i) - Alimony and Separate Maintenance Payments; Annuities; Income from Life Insurance and Endowment Contracts. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(j) - Pensions. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Amendment filed 11-26-74; effective thirtieth day thereafter (Register 74, No.
						48).
2. Repealer filed 12-23-81; effective thirtieth day thereafter
						(Register 81, No. 52).
Note: Authority cited and Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(k) - Income from Discharge of Indebtedness. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(l) - Distributive Share of Partnership Gross Income; Income in Respect of a Decedent; Income from an Interest in an Estate or Trust. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(m) - Miscellaneous Items of Gross Income. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(n) - Salaries and Other Income of Employees of Other States and Foreign Countries. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 12-23-81; effective thirtieth day thereafter (Register 81, No.
						52).
Note: Authority cited and Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(o) - Income of Individuals Living in National Parks, Etc. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 12-26-81; effective thirtieth day thereafter (Register 81, No.
						52).
Note: Authority cited and Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(p) - Income of Indians and Individuals Living on Indian Reservations. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17071(q) - Income of Individuals Living on Federal Areas. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Repealer filed 1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 1 - Definitions of Gross Income, Adjusted Gross Income, and Taxable Income [Repealed] › Section 17072 - Adjusted Gross Income. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1.
						Amendment filed 10-2-68; effective thirtieth day thereafter (Register 68, No.
						37).
2. Amendment of subsection (c) filed 7-23-71; effective
						thirtieth day thereafter (Register 71, No. 30).
3. Repealer filed
						1-15-81; effective thirtieth day thereafter (Register 81, No.
						3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.
California Code of Regulations › Title 18 - Public Revenues › Division 3 - Franchise Tax Board › Chapter 2.5 - Personal Income Tax (Taxable Years Beginning After 12-31-54) › Subchapter 3 - Computation of Taxable Income › Article 2 - Items Specifically Included in Gross Income › Section 17081-17083(a) - Alimony and Separate Maintenance Payments; Income to Wife or Former Wife. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 5-3-61; effective thirtieth day thereafter (Register 61, No.
						9).
2. Repealer filed 1-15-81; effective thirtieth day thereafter
						(Register 81, No. 3).
Note: Authority cited: Section
						  19253,
						  Revenue and Taxation Code. Reference: Section
						  19253,
						  Revenue and Taxation Code.