CA AB2439

Requires the Franchise Tax Board to publish annually (starting December 1, 2013 through January 1, 2018) a list of the 500 largest corporate taxpayers subject to state corporation tax who filed federal Form 10-K disclosures.

Each published list must include the taxpayer's name, tax liability, charitable contributions made, and whether the taxpayer elected single-sales factor income apportionment under Section 25128.5.

Tax liability figures are based on timely filed original returns measured by gross receipts less returns and allowances, with updates provided for two years after initial publication to reflect changes as of October 1 each year.

Lists reflect tax liability for taxable years that closed two years before publication (the first list in December 2013 covers tax years 2010-2011).

Legislative intent is to supplement federal tax reporting requirements and provide analysis of California's corporation tax law changes and their impact on state taxpayers.