| What is the minimum California Franchise Tax for S Corporations in 2007?
According to the State of California Franchise Board, all "S corporations that organize in California, register in California, conduct business in California, or receive California source income, must file California Form 100S."
A California "S corporation" is taxed on its net income at a rate of 1.5 percent, with a minimum tax of $800. This tax rate excludes Financial Institutions who are taxed at a 2 % higher rate. | 
