California 2009-2010 Regular Session Status: In Committee

AB 2126 — Minimum annual tax: exemptions: corporations.

Last action — From committee without further action.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2009-2010 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

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, and 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, for the first 10 taxable years of a corporation, limited partnership, limited liability partnership, and limited liability company that is a small business, as defined, and that first commences business operations on or after January 1, 2011, and before January 1, 2016, reduce that minimum tax, as provided. This bill would take effect immediately as a tax levy.

Bill Text

Action History

  1. From committee without further action.

  2. In committee: Set, first hearing. Held under submission.

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

  4. Re-referred to Com. on APPR.

  5. Read second time and amended.

  6. From committee: Amend, do pass as amended, and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (May 10).

  7. In committee: Hearing postponed by committee.

  8. In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

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

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

  11. Referred to Com. on REV. & TAX.

  12. From printer. May be heard in committee March 23.

  13. Read first time. To print.

Sponsors

  • Adams · Cosponsor
  • Anderson · Cosponsor
  • Conway · Cosponsor
  • DeVore · Cosponsor
  • Fuller · Cosponsor
  • Gilmore · Cosponsor
  • Garrick · Primary
  • Harkey · Cosponsor
  • Jeffries · Cosponsor
  • Logue · Cosponsor
  • Nestande · Cosponsor
  • Nielsen · Cosponsor
  • Niello · Cosponsor
  • Silva · Cosponsor

Sponsorship breakdown

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1 sponsors · 13 co-sponsors · 108 not signed on

Sponsors (1)

  • Garrick

Co-sponsors (13)

  • Adams
  • Anderson
  • Conway
  • DeVore
  • Fuller
  • Gilmore
  • Harkey
  • Jeffries
  • Logue
  • Nestande
  • Nielsen
  • Niello
  • Silva

Not signed on (108)

108 members have not signed on to this bill.

Show all 108 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Votes

Subjects

taxation
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Frequently asked questions

What does AB 2126 do?
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 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, for the first 10 taxable years of a corporation, limited partnership, limited liability partnership, and limited liability company that is a small business, as defined, and that first commences business operations on or after January 1, 2011, and before January 1, 2016, reduce that minimum tax, as provided. This bill would take effect immediately as a tax levy.
Who sponsors AB 2126?
AB 2126 is sponsored by Adams, Anderson, Conway, DeVore, Fuller, Gilmore, Garrick, Harkey, Jeffries, Logue, Nestande, Nielsen, Niello, and Silva.
What is the current status of AB 2126?
This bill died with 2009-2010 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 2126?
Track AB 2126 free on One Click Politics — get push/email alerts when it moves.

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