Corporate taxes: exempt organizations: filing fees.

The Corporation Tax Law exempts the income of various types of nonprofit organizations from taxes imposed by that law, except as provided, if an application for exemption is filed with, and a filing fee of $25 is paid to, the Franchise Tax Board and the Franchise Tax Board issues a determination exempting the organization from tax. Existing law also requires, among other things, that filing fee to be paid when an organization whose exemption was revoked applies to reestablish as an exempt organization. This bill would eliminate the $25 filing fee on January 1, 2021. The Corporation Tax Law requires specific tax-exempt organizations to file an annual return containing specified information and requires the return to be filed on or before the 15th day of the 5th full calendar month following the close of the taxable year. Existing law requires those organizations to pay a $10 filing fee on or before the due date for filing the annual return, determined with regard to any extension of time for filing the return, and increases that filing fee to $25 in case of failure to pay the fee on or before that due date. This bill would eliminate those filing fees on January 1, 2021. This bill would also make various nonsubstantive and conforming changes to, among other things, update cross references.