California 2001 State and Local Tax: Important Developments

Legislation: Income and Franchise Taxation
2001 Cal. Stat. Ch. 334, amending the taxpayer bill of rights, requires the Franchise Tax Board (FTB), to provide documents given to board members on items on the board’s agenda to interested parties without delay before the board can take final action. Chapter 334 also provide that the purpose of proceedings between taxpayers and the FTB is to determine the “taxpayer’s correct tax liability,” allowing taxpayers “every opportunity to present all relevant information pertaining to the taxpayer’s liability,” and allowing for the FTB to “inquire into … all relevant information pertaining to the taxpayer’s liability.”

(The remainder of this article can be accessed in the 2002 edition of the ABA’s State and Local Tax Lawyer.)