CA SB 347
deadAnnual tax: partnerships and LLCs.
California · 2025-2026 Regular Session · upper
Quick answers
Did CA SB 347 pass?
No. CA SB 347 did not pass — it was defeated or died in the legislative process (2026-02-02). Latest recorded action (2026-02-02): Returned to Secretary of Senate pursuant to Joint Rule 56.
What is CA SB 347 about?
Existing law imposes an annual 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 an annual tax in an amount equal to the minimum franchise tax on every limited partnership, limited liability partnership, and limited liability company doing business in this state, as specified. This bill, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, would reduce the annual tax on every limited partnership, limited liability partnership, and limited liability company to $600. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill also would include additional information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.
Who sponsors CA SB 347?
Choi is the primary sponsor of CA SB 347.
Description
Existing law imposes an annual 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 an annual tax in an amount equal to the minimum franchise tax on every limited partnership, limited liability partnership, and limited liability company doing business in this state, as specified. This bill, for taxable years beginning on or after January 1, 2026, and before January 1, 2031, would reduce the annual tax on every limited partnership, limited liability partnership, and limited liability company to $600. Existing law requires any bill authorizing a new tax expenditure to contain, among other things, specific goals, purposes, and objectives that the tax expenditure will achieve, detailed performance indicators, and data collection requirements. This bill also would include additional information required for any bill authorizing a new tax expenditure. This bill would take effect immediately as a tax levy.
- Introduced
- 2025-02-12
- Latest action
- 2026-02-02 — Returned to Secretary of Senate pursuant to Joint Rule 56.
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- Choiauthor
Committees
Not provided by source.
Action timeline
2025-02-12
Introduced. Read first time. To Com. on RLS. for assignment. To print.
introduction,reading-1,referral-committee
2025-02-13
From printer. May be acted upon on or after March 15.
2025-02-19
Referred to Com. on RLS.
referral-committee
2025-03-26
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-04-02
Re-referred to Com. on REV. & TAX.
referral-committee
2025-04-04
Set for hearing May 14.
2025-05-07
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2025-05-07
May 14 set for first hearing canceled at the request of author.
2025-12-23
Set for hearing January 14.
2026-01-05
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2026-01-14
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3225.) (January 14).
amendment-passage,committee-passage,committee-passage-favorable,referral-committee
2026-01-15
Set for hearing January 20.
2026-01-15
Read second time and amended. Re-referred to Com. on APPR.
amendment-passage,reading-1,reading-2,referral-committee
2026-01-20
January 20 hearing: Placed on APPR. suspense file.
2026-01-21
Set for hearing January 22.
2026-01-22
January 22 hearing: Held in committee and under submission.
2026-02-02
Returned to Secretary of Senate pursuant to Joint Rule 56.
failure
Versions
Documents
- application/pdf
- application/pdf
- application/pdf
- application/pdf
- application/pdf
- text/html
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
Votes
Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations]
2026-01-14 · pass · 5-0
Member-level votes (5)
- Grayson: yes
- Valladares: yes
- Umberg: yes
- Ashby: yes
- McNerney: yes
Placed on suspense file
2026-01-20 · pass · 7-0
Member-level votes (7)
- Wahab: yes
- Dahle: yes
- Caballero: yes
- Grayson: yes
- Seyarto: yes
- Cabaldon: yes
- Richardson: yes
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z
Inspect retained evidence for changes recorded after evidence tracking began:
Use this data
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