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Wending its way through the CA Assembly...

Posted by Ward-CA- on June 12, 2009 at 0:24 AM

In Reply to: Ward do you know what happen to the bill to lower the franchise bill of $800 a year for a llc and other entities posted by Big Red Machine on June 11, 2009 at 12:42 AM

Looks like AB 327 is still pending:

CURRENT BILL STATUS


MEASURE : A.B. No. 327
AUTHOR(S) : Garrick.
TOPIC : Minimum annual tax: exemptions: corporations, LLC,
limited partnerships, and limited liability partnerships.
HOUSE LOCATION : ASM

TYPE OF BILL :
Active
Non-Urgency
Non-Appropriations
Majority Vote Required
Non-State-Mandated Local Program
Fiscal
Tax Levy

LAST HIST. ACT. DATE: 05/19/2009
LAST HIST. ACTION : In committee: Set, second hearing. Held under
submission.
COMM. LOCATION : ASM REVENUE AND TAXATION

TITLE : An act to amend Section 23153 of the Revenue and
Taxation Code, relating to taxation, to take effect
immediately, tax levy.

Assemblyman Martin Garrick is the bill's sponsor. He is a Republican Assemblyman with
his office in Carlsbad, CA:

http://arc.asm.ca.gov/member/74/?p=addresses

-----------Ward

===================


: Ward do you know what happen to that bill? I also would like to know you two-cent on whats is going to happen to california if it goes broke in relation to real estate prices? thank you



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