All California LLCs must file a state-level tax return with the California Franchise Tax Board (FTB). For most California LLCs, this state-level return will be Form 568, also known as a “Limited Liability Comp
It is important to note that, in 2004, two important changes occurred in the state-local fiscal relationship: the passage of Proposition 1A of 2004, and the swap of $4 billion of state Vehicle License Fee backfill payments to cities and counties for greater shares of local property tax ...