Annual tax: partnerships and LLCs.

Summary

The bill lowers the yearly tax that limited partnerships, limited liability companies and limited liability partnerships must pay to the state, reducing it from the current $800 to $200 for tax years beginning Jan. 1, 2026 through Dec. 31, 2030. It also requires the Franchise Tax Board to report annually on how many entities are affected. The measure failed and was returned to the Secretary of the Senate.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3225.) (January 14). · Jan 14, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · Jan 22, 2026
• Appropriations Committee Hearing
  Appropriations · Jan 20, 2026
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Jan 14, 2026

History

1. Feb 2, 2026Returned to Secretary of Senate pursuant to Joint Rule 56.
2. Jan 22, 2026January 22 hearing: Held in committee and under submission.
3. Jan 21, 2026Set for hearing January 22.
4. Jan 20, 2026January 20 hearing: Placed on APPR. suspense file.
5. Jan 15, 2026Set for hearing January 20.
6. Jan 15, 2026Read second time and amended. Re-referred to Com. on APPR.
7. Jan 14, 2026From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 3225.) (January 14).
8. Jan 5, 2026From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
9. Dec 23, 2025Set for hearing January 14.
10. May 7, 2025May 14 set for first hearing canceled at the request of author.
11. May 7, 2025From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
12. Apr 4, 2025Set for hearing May 14.

The 12 most recent of 17 recorded actions.

Sponsors

• Steve Choi (R) · sponsor
• Choi

Bill text

Opens the legislature’s own copy.

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