If an entity did not participate in the PTE program in 2021 year but wishes to do for 2022 year, how much does the entity need to pay

[Vlee]

If an entity did not participate in the PTE program in 2021 year but wishes to do for 2022 year, how much does the entity need to pay?

FTB says $1000 or 50% of prior year PTE tax liability. Does this mean that the prior year tax liability is zero and this entity can just pay $1000 before 6-15-2022 to be in ?

[abctax55]

Directly from the FTB website.... ya' left out a key phrase (paid in the prior year😞

On or before June 15th of the taxable year of the election

Payment 1 Pay $1,000 or 50% of the elective tax paid in the prior taxable year, whichever is greater.