SB 1015 Summary

• Expands definition of "state tax liability" for earnings withholding orders to include unpaid liabilities under California's Personal Income Tax Law, Corporation Tax Law, and specified franchise and income tax provisions.

• Expands the Financial Institution Record Match System to include delinquent tax debtors owing amounts to the State Board of Equalization and Employment Development Department, in addition to existing Franchise Tax Board debtors.

• Requires the State Board of Equalization and Employment Development Department to provide delinquent debtor information to the Franchise Tax Board quarterly and to reimburse the Franchise Tax Board for implementation and administration costs.

• Repeals Part 18 of Division 2 of the Revenue and Taxation Code (Multistate Tax Compact provisions) and declares that tax election requirements must be made on original timely filed returns and are binding once made.

• Appropriates $1,000 from the General Fund to the Franchise Tax Board for administrative costs and takes effect immediately.