Is it true California doesn't charge a franchise tax for corporations based on the number of authorized shares

Question

According to Ungerlaw.com...

"Nevada touts the fact it "levies no tax on corporate shares" as a benefit of incorporating in Nevada. However, California also levies no such tax. The concept apparently refers to the practice of some states (e.g., Delaware) to assess a franchise tax based on the number of authorized shares or the par value of shares."

I just wanted to check if anyone knows its true...specifically from someone who owns a corporation in California.

Answer 1

Structure of corporate tax and related rebates are different throughout the world based on the policies of the country or state, and are amended time to time depending upon their requirements and preferences. May it be true for now, but might be opposite in the coming days. Check out locally trough a suitable professional on tax. Be sure and then only move.