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California · 2025–26 Regular Session · Senate Bill

SB 347: Annual tax: partnerships and LLCs.

Did not advance Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted
  6. Did not advance

Last official action: ·Record last updated:

Plain-language summary

SB 347 is a senate bill introduced in the California Senate on February 12, 2025. According to its official title, it concerns: Annual tax: partnerships and LLCs. Primary sponsor: Steven Choi (R). Most recent recorded action (February 2, 2026): Returned to Secretary of Senate pursuant to Joint Rule 56.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Republican 1

NameRolePartyChamberDistrict
Steven ChoiPrimary sponsorRepublicanSenate37

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

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

Sources

  1. California Legislative Information — pubinfo database export
  2. Official bill page