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Transcript Prepared by Clerk of the Legislature Transcribers Office
Business and Labor Committee February 4, 2019,
M. HANSEN: All right. It\'s 1:30 so we\'ll go ahead and get started.
Good afternoon
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Form 100 is a California corporation franchise or income tax return that corporations must file annually with the state.
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Corporations doing business in California are required to file Form 100.
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To fill out Form 100, corporations must provide financial information, including income, deductions, and tax liability, using the prescribed software or forms.
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The purpose of Form 100 is to report a corporation's income and calculate its tax liability to the state of California.
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Corporations must report gross income, deductions, credits, and payment details on Form 100.
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