SB 641 — Corporation taxes: minimum franchise tax: exemptions.
Last action — Returned to Secretary of Senate pursuant to Joint Rule 56.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill died with 2013-2014 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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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
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 Text
- Amended 01/06/14 - Amended Senate Current pdf January 06, 2014
- Amended 05/02/13 - Amended Senate pdf May 02, 2013
- Amended 04/17/13 - Amended Senate pdf April 17, 2013
- Introduced 02/22/13 - Introduced pdf February 22, 2013
- SB641 View text html
Action History
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Returned to Secretary of Senate pursuant to Joint Rule 56.
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Held in committee and under submission.
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Set for hearing January 23.
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Placed on APPR. suspense file.
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Set for hearing January 21.
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
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Set, second hearing. Hearing canceled at the request of author.
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Set for hearing May 13.
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.
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Set, first hearing. Hearing canceled at the request of author.
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Set for hearing May 6.
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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.
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From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.
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Set for hearing April 24.
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Set, first hearing. Hearing canceled at the request of author.
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Set for hearing April 10.
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Referred to Com. on GOV. & F.
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Read first time.
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From printer. May be acted upon on or after March 26.
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Introduced. To Com. on RLS. for assignment. To print.
Sponsors
- Anderson · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on
Sponsors (1)
- Anderson
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 4 | 0 | 0 | 2 |
| Democratic | 1 | 0 | 0 | 0 |
| Total | 5 | 0 | 0 | 2 |
| % of votes cast | 71% | 0% | 0% | 29% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Lara | — | Not Voting |
| Steinberg | — | Yea |
| Walters | — | Not Voting |
| De León | — | Yea |
| Hill | — | Yea |
| Beth Gaines | — | Yea |
| Padilla, Stephen C. | Democratic | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 6 | 0 | 0 | 1 |
| Total | 6 | 0 | 0 | 1 |
| % of votes cast | 86% | 0% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Beall | — | Yea |
| Hernandez | — | Yea |
| Knight | — | Not Voting |
| DeSaulnier | — | Yea |
| Liu | — | Yea |
| Wolk | — | Yea |
| Emmerson | — | Yea |
Subjects
Frequently asked questions
- What does SB 641 do?
- 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.
- Who sponsors SB 641?
- SB 641 is sponsored by Anderson.
- What is the current status of SB 641?
- This bill died with 2013-2014 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 SB 641?
- Track SB 641 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 2 months ago · updated continuously
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