AB 1605

  • California Assembly Bill
  • 2011-2012 Regular Session
  • Introduced in Assembly
  • Assembly
  • Senate
  • Governor

Minimum annual tax: exemptions.

Abstract

Existing law generally imposes an annual 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 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 reduce that minimum tax, as provided, for a corporation, limited partnership, limited liability partnership, and limited liability company that is a small business, as defined, that first commences business operations on or after January 1, 2013. This bill would take effect immediately as a tax levy.

Bill Sponsors (13)

Votes


No votes to display

Actions


May 14, 2012

Assembly

In committee: Set, second hearing. Held under submission.

Apr 11, 2012

Assembly

Re-referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Apr 10, 2012

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

Apr 09, 2012

Assembly

In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

  • Referral-Committee
REV. & TAX REV. & TAX. suspense file.

Mar 01, 2012

Assembly

Re-referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Feb 29, 2012

Assembly

From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.

Feb 17, 2012

Assembly

Referred to Com. on REV. & TAX.

  • Referral-Committee
Com. on REV. & TAX.

Feb 08, 2012

Assembly

From printer. May be heard in committee March 9.

Feb 07, 2012

Assembly

Read first time. To print.

Bill Text

Bill Text Versions Format
AB1605 HTML
02/07/12 - Introduced PDF
02/29/12 - Amended Assembly PDF
04/10/12 - Amended Assembly PDF

Related Documents

Document Format
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Sources

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