CA AB2230

Requires the Franchise Tax Board to post a public list of the 100 largest publicly traded corporations by gross receipts attributable to California, starting March 31, 2011, and annually thereafter for tax returns filed for taxable years beginning January 1, 2008 or later

Each corporation on the list must include the following information: corporation name, California corporation number, principal office address, aggregate tax expenditures claimed, effective tax rate, and filing election (water's edge basis or worldwide income combined report)

Defines "effective tax rate" as taxes payable divided by the sum of net income plus tax expenditures deducted in calculating taxable income

Defines "tax expenditure" by reference to the California Income Tax Expenditures Compendium Report, excluding water's edge elections and depreciation amounts beyond economic depreciation

Defines "taxes payable" as taxes under Part 11 of the Revenue and Taxation Code minus allowable credits under Chapter 3.5, including credit carryovers