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CA SB1036

Bill

Status

Engrossed

5/28/2010

Primary Sponsor

Jared Huffman

Click for details

Origin

Senate

2009-2010 Session

AI Summary

  • Authorizes designated agents (approved by city resolution) in addition to city employees to examine tax information exchanged between cities and the Franchise Tax Board.

  • Requires designated agents to have existing contracts with the city, execute confidentiality statements, and be prohibited from consulting for private industry or retaining tax records after contract expiration.

  • Limits tax information sharing to taxpayer name, address, social security/taxpayer identification number, and business activity code for businesses operating within city boundaries.

  • Requires cities to reimburse the Franchise Tax Board for first-year setup costs and annual operational costs, unless the city enters into a reciprocal data exchange agreement where each party bears its own costs.

  • Sunsets on January 1, 2014, unless extended by subsequent legislation.

Legislative Description

Tax administration: disclosure information: Franchise

Last Action

Set, first hearing. Failed passage in committee. Reconsideration granted.

6/28/2010

Committee Referrals

Revenue and Taxation6/3/2010
Appropriations4/19/2010
Revenue and Taxation2/25/2010
Rules2/12/2010

Full Bill Text

No bill text available