Tax
Apr. 24, 2024
Trial challenging FTB's minimum tax law set for December
The California Franchise Tax Board's interpretation of what constitutes a company "doing business" in the state is being challenged as too broad.
A San Francisco judge on Wednesday set a Dec. 2 trial date for a pair of certified class actions challenging the California Franchise Tax Board's $800 minimum tax for out-of-state businesses and left open the possibility to bifurcate the proceedings.
The lawsuits filed by a New Jersey realty company, Wein Realty LLC, and a New York media company, Bahl Media LLC, challenges the legality of California's $800 minimum franchise tax on the following types of companies "doi...
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