Can the franchise tax be prorated on all short period returns?

Proration of the franchise tax to cover the proportionate part of the year covered by the return is allowed on all short period returns ending on or after May 13, 2013, but excludes any return based on a 52 to 53 week year.  On any return where the franchise tax is prorated, annualization of rent paid is required when computing the minimum franchise tax measure on Schedule G.   The franchise tax cannot be prorated below the $100 minimum.  The excise tax may never be prorated.

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