California Revenue and Taxation Code

§ 17947

RTC § 17947 Effective Jan 1, 2013Div. 2 · Part 10 · Ch. 10.6

Statute text

(a)A limited liability company shall not be subject to the taxes imposed by this chapter for a taxable year if the limited liability company does all of the following:

(1)Files with the Franchise Tax Board a timely final annual tax return for the preceding taxable year.

(2)Does not do business in this state after the end of the taxable year for which the final annual tax return was filed.

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Legislative history

Amended by Stats. 2012, Ch. 419, Sec. 27. (SB 323) Effective January 1, 2013. Operative January 1, 2014, by Sec. 32 of Ch. 419.