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The California Franchise Tax Board ( FTB) administers and collects state personal income tax and corporate franchise and income tax of California. It is part of the California Government Operations Agency . The board is composed of the California State Controller, the director of the California Department of Finance, and the chair of the ...
The department is one of the State of California's three primary state taxing agencies, collecting over 70 billion dollars annually in revenue for the State. The other two are the Employment Development Department and the Franchise Tax Board .
A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of or capital held by the entity.
Instead, the state Franchise Tax Board offers CalFile, ... Unlike Direct File, taxpayers with earnings from self-employment, their own businesses, investments or gig work are eligible, as long as ...
The state Franchise Tax Board offers a free online return filing system called CalFile whose restrictions are similar to those in Direct File, so if you're eligible for the latter, you're probably ...
Californians pay the highest marginal state income tax rate in the country -- 13.3%, according to Tax Foundation data. But California has a graduated tax rate, which means your rate increases with...