Laws, Regulations and Annotations


Business Taxes Law Guide – Revision 2023

Hazardous Substances Tax Annotation

Environmental (Corporation) Fee



Under the California Constitution, banks are subject to a tax on net income in lieu of all other taxes. Since the environmental fee (Health and Safety Code section 25205.6) is regarded as a tax, banks are exempt from it. However, nonfinancial subsidiaries of banks are not exempt. 7/30/91.