Rev. & Tax. Code, § 17948 · Chapter 10.7. Tax on Registered Limited Liability Partnerships and Foreign Limited Liability Partnerships
Rev. & Tax. Code, § 17948
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Except as provided in subdivision (e), for each taxable year beginning on or after January 1, 1997, every limited liability partnership doing business in this state (as defined in Section 23101) and required to file a return under Section 18633 shall pay annually to the Franchise Tax Board a tax for the privilege of doing business in this state in an amount equal to the applicable amount specified in paragraph (1) of subdivision (d) of Section 23153 for the taxable year.
(b) In addition to any limited liability partnership that is doing business in this state and therefore is subject to the tax imposed by subdivision (a), for each taxable year beginning on or after January 1, 1997, every registered limited liability partnership that has registered with the Secretary of State pursuant to Section 16953 of the Corporations Code and every foreign limited liability partnership that has registered with the Secretary of State pursuant to Section 16959 of the Corporations Code shall pay annually the tax prescribed in subdivision (a). The tax shall be paid for each taxable year, or part thereof, until any of the following occurs:
(1) A notice of cessation is filed with the Secretary of State pursuant to subdivision (b) of Section 16954 or 16960 of the Corporations Code.
(2) A foreign limited liability partnership withdraws its registration pursuant to subdivision (a) of Section 16960 of the Corporations Code.
(3) The registered limited liability partnership or foreign limited liability partnership has been dissolved and finally wound up.
(c) The tax assessed under this section shall be due and payable on the date the return is required to be filed under Section 18633.
(d) If a taxpayer files a return with the Franchise Tax Board that is designated as its final return, the Franchise Tax Board shall notify the taxpayer that the annual tax shall continue to be due annually until a certificate of cancellation is filed with the Secretary of State pursuant to Section 16954 or 16960 of the Corporations Code.
(e) (1) (A) Every limited liability partnership doing business in this state as described in subdivision (a) that registers with the Secretary of the State pursuant to subdivision (b) on or after January 1, 2021, and before January 1, 2024, shall not be subject to the tax imposed under this section for its first taxable year.
(B) This subdivision shall become operative only for a taxable year in which any budget measure appropriates one dollar ($1) or more to the Franchise Tax Board for the costs associated with administration of this subdivision.
(2) For taxable years beginning on or after January 1, 2027, and before January 1, 2030, every limited liability partnership required to file a return under Section 18633 shall, instead of the amount specified in Section 23153, pay the annual tax to this state in the amount of four hundred dollars ($400) for its first taxable year.
Notes and commentary — not statutory text
History
Amended by Stats. 2026, Ch. 23, Sec. 27. (SB 122) Effective June 29, 2026.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=17948.
- Text hash
- sha256 c5e4385ac43c8a783e3853d60726042fc8c18a6bdf09f09f46f37c0682380a5d
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Corporations Code
- Corp. Code, § 16953Printed as Section 16953 of the Corporations Code
- Corp. Code, § 16954Printed as Section 16954 or 16960 of the Corporations Code
- Corp. Code, § 16959Printed as Section 16959 of the Corporations Code
- Corp. Code, § 16960Printed as Section 16954 or 16960 of the Corporations Code | Section 16960 of the Corporations Code
Cited by 8 provisions
Provisions in this library whose text cites Rev. & Tax. Code, § 17948. Each shows the citation as that text prints it.
Corporations Code
Revenue and Taxation Code
- Rev. & Tax. Code, § 19132Printed as Section 17948 or 23097
- Rev. & Tax. Code, § 19192Printed as Section 17948
- Rev. & Tax. Code, § 19602Printed as Sections 17935, 17941, 17948, 19532, and 19561
- Rev. & Tax. Code, § 19607Printed as Sections 17935, 17941, and 17948
- Rev. & Tax. Code, § 23036Printed as Section 17948
- Rev. & Tax. Code, § 23153Printed as Section 17948
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.