@GeorgeM777 - How is what you cite in AB85 different than section 10 of AB85 which updates section 17941 of the Revenue and taxation code to include the following:
:(g) (1) Every limited liability company doing business in this state as described in subdivision (a) that organizes or registers with the Secretary of the State pursuant to subdivision (b) on or after January 1, 2021, and before January 1, 2024, shall not be subject to the tax imposed under this section for its first taxable year.
Nothing in this text indicates that there are exceptions to LLCs in their first year being exempt from the tax. It specifically states that it applies to every LLC described in section (a), which does not exclude disregarded entities.
