California Codes > Revenue and Taxation Code > Division 2 > Part 11 > Chapter 2.5 – Alternative Minimum Tax
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Terms Used In California Codes > Revenue and Taxation Code > Division 2 > Part 11 > Chapter 2.5 - Alternative Minimum Tax
- Amortization: Paying off a loan by regular installments.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: means any person, firm, association, organization, partnership, business trust, corporation, limited liability company, or company. See California Water Code 19
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18