AB 990

  • California Assembly Bill
  • 2013-2014 Regular Session
  • Introduced in Assembly Feb 22, 2013
  • Assembly
  • Senate
  • Governor

Income taxes: minimum franchise tax.

Abstract

The Corporation Tax Law imposes taxes measured by income, as specified. The Corporation Tax Law 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 a tax in an amount equal to the minimum franchise tax on every limited liability company registered, qualified to transact business, or doing business in this state, as specified. The bill would reduce the annual minimum franchise tax to $700 for taxable years beginning on or after January 1, 2013. This bill would take effect immediately as a tax levy.

Bill Sponsors (1)

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Actions


Feb 03, 2014

Assembly

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

Jan 31, 2014

Assembly

Died pursuant to Art. IV, Sec. 10(c) of the Constitution.

May 06, 2013

Assembly

In committee: Set, first hearing. Hearing canceled at the request of author.

Apr 01, 2013

Assembly

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

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

Mar 21, 2013

Assembly

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

Assembly

Referred to Com. on REV. & TAX.

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

Feb 25, 2013

Assembly

Read first time.

Feb 24, 2013

Assembly

From printer. May be heard in committee March 26.

Feb 22, 2013

Assembly

Introduced. To print.

Bill Text

Bill Text Versions Format
AB990 HTML
02/22/13 - Introduced PDF
03/21/13 - Amended Assembly PDF

Related Documents

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