AB 2131 California Assembly · 2017-2018 Regular Session

Minimum franchise tax.

Summary

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. This bill would reduce the minimum franchise tax to $400 for taxable years beginning on or after January 1, 2019, and before January 1, 2024. This bill would take effect immediately as a tax levy.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2018

Committee Review

Floor Vote

Governor

Introduced Feb 12, 2018 Last action May 25, 2018

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 25, 2018

Lower · Passed

In committee: Held under submission.

lower

Apr 11, 2018

Committee

In committee: Set, first hearing. Referred to APPR. suspense file.

lower

Apr 3, 2018

Committee

Re-referred to Com. on APPR.

lower

Mar 22, 2018

Lower · Passed

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (March 19).

lower

Feb 22, 2018

Committee

Referred to Com. on REV. & TAX.

lower

Feb 13, 2018

Lower · Passed

From printer. May be heard in committee March 15.

lower

1 primary · 0 co-sponsors