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State of California Franchise Tax Board

Is an S corporation subject to the minimum franchise tax?

Yes, S corporations are subject to the minimum tax. Minimum tax is the amount you must pay by the first quarter of each accounting period whether the corporation is active, operates at a loss, or does not do business. The current minimum tax is $800. For new corporations that qualify or incorporate, the minimum tax is measured based on their income for the year and is subject to estimate requirements. For subsequent years, the minimum tax is $800.

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