SB 1548 Summary

• Extends the repeal date for offer in compromise provisions from January 1, 2013 to January 1, 2018 for nine tax and fee programs administered by the State Board of Equalization, including Sales and Use Tax, Use Fuel Tax, Cigarette and Tobacco Products Tax, Alcoholic Beverage Tax, Emergency Telephone Users Surcharge, Oil Spill Response fees, Underground Storage Tank Maintenance fees, and Diesel Fuel Tax.

• Allows the State Board of Equalization to accept compromises on final tax liabilities regardless of whether a business has been discontinued or transferred, or whether the taxpayer has controlling interest in a similar business, for specific categories of "qualified final tax liability."

• Makes it a felony punishable by up to $50,000 fine or imprisonment to conceal property, withhold/destroy/falsify documents, or make false statements in connection with an offer in compromise, with prosecution costs recoverable.

• Specifies that no local reimbursement is required because the expanded criminal penalties constitute a state-mandated crime change under California Constitution Article XIII B.