Suspends the corporation franchise tax levied on certain taxable capital and suspends the initial corporation franchise tax levied on certain entities (Item #16) (EG -$10,200,000 GF RV See Note)
Phases-out the corporate franchise tax over four years (OR -$324,000,000 GF RV See Note)
Extends the termination date of the exemption from corporate franchise tax for small business corporations. (See Act) (EN -$55,900,000 GF RV See Note)
Suspends the lower tier of the corporation franchise tax levied on domestic and foreign corporations and the initial tax levied on certain business entities subject to the corporate franchise tax (EN -$5,800,000 GF RV See Note)
Personal income taxes: credits: child poverty tax credit.
California State University and California Community Colleges: course articulation: ethnic studies.
Provides for a single rate of corporation franchise tax. (See Act) (EG -$24,500,000 GF RV See Note)
Personal income taxes: credits: child poverty tax credit.