New LLC fee calculations.
| Position | Legislative News - Limited liability companies - Brief article |
AB 198, signed into law Oct. 11, takes effect immediately and changes the fee calculation for all limited liability companies doing business within and outside of California for taxable years beginning on or after Jan. 1, 2007.
AB 198 modifies the fee imposed on LLCs by basing it on total income derived from or attributable to California by using the sales factor numerator assignment rules contained in...
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