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Senate committee advances bill to cut California’s $800 minimum business tax to $600
California State Senate · January 14, 2026
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Summary
SB 347, presented by Senator Choi, would reduce California’s annual minimum entity tax from $800 to $600 for LLCs, LLPs, partnerships and corporations; committee moved the bill to appropriations with unanimous support recorded in the transcript.
Senator Choi presented SB 347 as his "state annual tax reduction bill," saying he would accept committee amendments. As amended, the bill reduces the state’s annual minimum tax from $800 to $600 for LLCs, LLPs, limited…
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