That is also how I read it, but I reached out to an accountant today and he said no. His response was:
> Since you are an LLC, and you are operating an active business, you will need to file a Franchise and Excise tax return, but you will be exempt from the Excise portion of the tax.
> Since you are an LLC, and you are operating an active business, you will need to file a Franchise and Excise tax return, but you will be exempt from the Excise portion of the tax.
No idea how it works? I'm thoroughly confused.