CA SB911

Prohibits state agencies from entering into contracts with taxpayers that apportion business income using the four-factor formula under Revenue and Taxation Code Section 25128(a).

Provides an exception for contracts necessary to protect public health, safety, and welfare that can only be fulfilled by a taxpayer using the four-factor apportionment method.

Requires the Franchise Tax Board to disclose to state agencies whether a taxpayer uses the four-factor apportionment formula for contract compliance purposes.

Expresses legislative intent that the prohibition addresses California's loss of over $1 billion annually in corporate tax revenue from multistate corporations using the four-factor formula.