The mere presence of a Nevada corporation's vacant property in California is sufficient to subject the corporation to taxes in California.

Question

Quizplus · Accepted Answer

Generally,a state's imposition of a tax must serve a legitimate state interest and be reasonable in relation to a foreign corporation's contacts with the state.For example,a North Carolina corporation's property located in Pennsylvania is subject to property tax in Pennsylvania.The corporation enjoys Pennsylvania's protection of private property.It may be required to pay its share of the cost of such protection

The Mere Presence of a Nevada Corporation's Vacant Property in California