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DIVISION 2. OTHER TAXES 6001-60709›PART 11. CORPORATION TAX LAW 23001-25141›CHAPTER 17. Allocation of Income 25101-25141›ARTICLE 2. Uniform Division of Income for Tax Purposes Act 25120-25141

§ 25131

California Revenue and Taxation Code · 2018-11 edition · updated 2026-10-04 · California

The average value of property shall be determined by averaging the values at the beginning and ending of the taxable year but the Franchise Tax Board may require the averaging of monthly values during the taxable year if reasonably required to reflect properly the average value of the taxpayer’s property.

(Amended by Stats. 2000, Ch. 862, Sec. 223. Effective January 1, 2001.)

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California Revenue and Taxation Code

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