The $800 fee is correct. In reading this Turbo Tax post written by GeorgeM777, you would have been required to pay a LLC franchise fee in 2021 within 2-3 months after you formed your LLC. You would need to pay again on April 15, 2022. This resulted in back-to-back payments, which provided a hardship for LLC business owners that formed their LLC in the last quarter of the tax year. Assembly Bill 85. corrected this.
So to avoid this double payment, California waived the first year fee that was to be paid in 2021. You are still expected to pay this $800 because this will apply to the 2022 tax year and not for 2021. After this, the $800 franchise fee will be due every year by the tax filing deadline.
[ Edited 03/16/22|08:35 PM PST]
@05joshtaxes93
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