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CA SB1036
Bill
AI Summary
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Authorizes designated agents (approved by city resolution) in addition to city employees to examine tax information exchanged between cities and the Franchise Tax Board.
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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.
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Limits tax information sharing to taxpayer name, address, social security/taxpayer identification number, and business activity code for businesses operating within city boundaries.
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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.
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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