Paul J Cook
- Republican
Author
Existing law, generally, imposes a minimum franchise tax of $800, except as provided, on every corporation incorporated in this state, qualified to transact intrastate business in this state, or doing business in this state, and an annual tax in an amount equal to the minimum franchise tax on every limited partnership, limited liability partnership, and limited liability company registered, qualified to transact business, or doing business in this state, as specified. This bill would, until taxable years beginning on or after January 1, 2018, exempt a corporation and a limited liability company that are small businesses solely owned by a deployed member of the United States Armed Forces, as specified, from paying the minimum franchise tax, or the annual tax, for the privilege of doing business in this state if the corporation or limited liability company ceases operation or operates at a loss, as defined. This bill would take effect immediately as a tax levy.
Chaptered by Secretary of State - Chapter 394, Statutes of 2010.
Approved by the Governor.
Enrolled and to the Governor at 3 p.m.
Assembly Rule 77 suspended. (Page 6644.)
Senate amendments concurred in. To enrollment. (Ayes 76. Noes 0. Page 6664.)
Read third time, passed, and to Assembly. (Ayes 35. Noes 0. Page 4817.)
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 26 pursuant to Assembly Rule 77.
Read second time. To third reading.
Received August 13 pursuant to JR 61(b)(14).
From committee: Do pass. (Ayes 11. Noes 0.) (August 12).
In committee: Placed on APPR suspense file.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on APPR.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Amend, do pass as amended, and re-refer to Com. on APPR. (Ayes 3. Noes 0.) (June 23).
(Corrected June 29.)
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on REV. & TAX.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time, passed, and to Senate. (Ayes 72. Noes 0. Page 5236.)
Read second time. To Consent Calendar.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. To Consent Calendar. (May 12).
Read second time and amended.
From committee: Amend, do pass as amended, and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 12).
Read first time.
From printer. May be heard in committee March 23.
Introduced. To print.
| Bill Text Versions | Format |
|---|---|
| AB2671 | HTML |
| 02/19/10 - Introduced | |
| 04/27/10 - Amended Assembly | |
| 05/17/10 - Amended Assembly | |
| 06/16/10 - Amended Senate | |
| 06/30/10 - Amended Senate | |
| 07/15/10 - Amended Senate | |
| 08/31/10 - Enrolled | |
| 09/27/10 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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