California 2013-2014 Regular Session Status: In Committee

SB 641 — Corporation taxes: minimum franchise tax: exemptions.

Last action — Returned to Secretary of Senate pursuant to Joint Rule 56.

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

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This bill is no longer active — its legislative session has ended, so there is no live prognosis.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

Action History

  1. Returned to Secretary of Senate pursuant to Joint Rule 56.

  2. Held in committee and under submission.

  3. Set for hearing January 23.

  4. Placed on APPR. suspense file.

  5. Set for hearing January 21.

  6. From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.

  7. Set, second hearing. Hearing canceled at the request of author.

  8. Set for hearing May 13.

  9. From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR.

  10. Set, first hearing. Hearing canceled at the request of author.

  11. Set for hearing May 6.

  12. 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.

  13. From committee with author's amendments. Read second time and amended. Re-referred to Com. on GOV. & F.

  14. Set for hearing April 24.

  15. Set, first hearing. Hearing canceled at the request of author.

  16. Set for hearing April 10.

  17. Referred to Com. on GOV. & F.

  18. Read first time.

  19. From printer. May be acted upon on or after March 26.

  20. Introduced. To Com. on RLS. for assignment. To print.

Sponsors

  • Anderson · Primary

Sponsorship breakdown

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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.

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"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

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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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