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SB 996 California Senate · 2017-2018 Regular Session

Corporation taxes: tax rates.

Summary
The Corporation Tax Law imposes taxes measured by income at a rate of 8.84%, 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. This bill, for taxable years beginning on or after January 1, 2018, would reduce the corporate tax rate to 6.84%. 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 5, 2018 Last action May 16, 2018
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
10
Key actions
1
Committee
3
May 3, 2018
Upper · Passed
May 9 hearing postponed by committee.
upper
Apr 4, 2018
Committee
Re-referred to Com. on GOV. & F.
upper
Feb 14, 2018
Committee
Referred to Com. on RLS.
upper
Feb 5, 2018
Introduced
Introduced. Read first time. To Com. on RLS. for assignment. To print.
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.