Minimum franchise tax: annual tax: businesses.

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 require the California State University's Center for California Studies to conduct research on the impact of the minimum franchise tax and annual tax on businesses.