SB 641 California Senate · 2013-2014 Regular Session

Corporation taxes: minimum franchise tax: exemptions.

Summary

The Corporation Tax Law provides that all banks and corporations subject to tax and not otherwise exempt shall pay annually a minimum franchise tax of $800, except as specified. This bill would exempt from the minimum franchise tax a qualified new corporation, as defined, for its 2nd, 3rd, and 4th taxable years. This bill would take effect immediately as a tax levy.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2013

Committee Review

Floor Vote

Governor

Introduced Feb 22, 2013 Last action Feb 3, 2014

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 23, 2014

Upper · Passed

Held in committee and under submission.

upper

Jan 6, 2014

Upper · Passed

From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.

upper

May 2, 2013

Upper · Passed

From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.

upper

Apr 24, 2013

Upper · Passed

From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0. Page 660.) (April 24). Re-referred to Com. on APPR.

upper

Apr 17, 2013

Upper · Passed

From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

upper

Mar 11, 2013

Committee

Referred to Com. on GOV. & F.

upper

Feb 22, 2013

Introduced

Introduced. To Com. on RLS. for assignment. To print.

upper

1 primary · 0 co-sponsors