§ 17951-2. Income from Sources — California California Code

Source: https://govt.westlaw.com/calregs/Document/IF42450134C8311EC89E5000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)

Income from sources within this State includes income from real or tangible personal property located in this State (see Reg. 17951-3); income from a business, trade, or profession carried on within this State (see Reg. 17951-4); compensation for personal services performed within this State (see Reg. 17951-5); and income from stocks, bonds, notes, bank deposits and other intangible personal property having a business or taxable situs in this State (see Reg. 17952; and rentals or royalties for the use of, or for the privilege of using in this State, patents, copyrights, secret processes and formulas, good will, trade-marks, trade brands, franchises, and other like property having a taxable or business situs in this State (see Reg. 17952). Qualified retirement income, as defined in Section 17952.5 of the Revenue and Taxation Code received by a nonresident during a taxable year beginning on or after January 1, 1996, is not included in gross income derived from sources within this State.

Credits

Note: Authority cited: Section 19503, Revenue and Taxation Code. Reference: Sections 17041, 17951 and 17952, Revenue and Taxation Code.

History

Renumbering and amendment of Sections 17951-17954(b) to Section 17951-2 filed 1-15-82; effective thirtieth day thereafter (Register 82, No. 3).
Change without regulatory effect amending section and Note filed 7-28-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 31).

** This regulation is substantially the same as Title 18, Cal. Adm. Code, Chapter 3, Subchapter 2, Section 17211-14(b).