Ian Calderon
Author
Existing law imposes an annual tax in an amount equal to the minimum franchise tax on every limited liability company doing business in this state. In addition, existing law requires every limited liability company, if the articles of organization have been accepted by, or a certificate of registration has been issued by, the Secretary of State, to pay an annual tax in an amount equal to the minimum franchise tax. Existing law requires the tax assessed under these provisions to be due and payable on or before the 15th day of the 4th month of the taxable year. Existing law imposes an annual minimum franchise tax, except as provided, on every corporation incorporated in this state, qualified to transact intrastate business in this state, or doing business in this state. Existing law exempts a corporation that incorporates or qualifies to do business in this state from the payment of the minimum franchise tax in its first taxable year. Existing law requires corporations subject to the minimum franchise tax to pay annually to the state a minimum franchise tax of $800 and provides that the estimated tax shall not be less than the minimum tax. If the amount of estimated tax does not exceed the minimum franchise tax, existing law requires the entire amount of the estimated tax to be due and payable on or before the 15th day of the 4th month of the taxable year. This bill would also provide for that annual tax and minimum franchise tax to be due and payable in 2 or 3 equal installments, on or before specified dates.
From committee without further action.
In committee: Set, second hearing. Held under submission.
Joint Rule 62(a), file notice suspended. (Page 5065.)
In committee: Set, first hearing. Referred to APPR. suspense file.
Read second time and amended.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (May 1).
In committee: Set, first hearing. Referred to REV. & TAX. suspense file.
Re-referred to Com. on RLS. pursuant to Assembly Rule 96.
From committee: Be re-referred to Com. on REV. & TAX. Re-referred. (Ayes 10. Noes 0.) (April 24). Re-referred to Com. on REV. & TAX.
In committee: Hearing postponed by committee.
Measure version as amended on April 21 corrected.
From committee chair, with author's amendments: Amend, and re-refer to Com. on A. & A.R. Read second time and amended.
From committee chair, with author's amendments: Amend, and re-refer to Com. on A. & A.R. Read second time and amended.
From printer. May be heard in committee March 23.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2086 | HTML |
| 02/20/14 - Introduced | |
| 03/28/14 - Amended Assembly | |
| 04/21/14 - Amended Assembly | |
| 05/07/14 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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