California Franchise Tax Board

Refunds and Overpayments under the UI Code

September 28, 2024 2:30 amSeptember 28, 2024 2:31 am

Refunds and overpayments are addressed in the California Unemployment Insurance Code in Division 1, Part 1, Chapter 4, Article 9. Section 1176 states that the wages received by an employee during any calendar year exceed the remuneration upon which contributions...

AB 52: Manufacturing Equipment Tax Credit

March 18, 2023 8:08 amMarch 18, 2023 8:12 am

Assembly Bill 52 by Assemblyman Tim Grayson (D-Concord) was amended to provide a manufacturing equipment purchase tax credit. The bill would add and repeal Sections 17053.90 and 23623 of the Revenue and Taxation Code. Section 1 of the bill contains three legislative...

California Tax Board Prepares For Release of Golden State Stimulus II Payments

August 25, 2021 4:01 pmAugust 26, 2021 11:37 am

The California Franchise Tax Board updated their website on Wednesday in preparation for California’s largest stimulus program in history, the Golden State Stimulus II, to begin disbursement next week. Golden State Stimulus II was first proposed in May when Governor...

Governor Newsom Vetoes Tax Disclosure Bill

September 30, 2020 6:13 amSeptember 30, 2020 6:19 am

On September 29, Governor Gavin Newsom vetoed SB 972, by Senator Nancy Skinner (D-Oakland). The bill would have added Section 19571.5 to the Revenue and Taxation Code to require the Franchise Tax Board (FTB) to produce a report listing corporate...

Senator Patricia Bates authored SB 57. (Kevin Sanders for California Globe)

Gov. Newsom Signs Bill To Eliminate Non-Profit State Filing Fees

September 10, 2020 2:20 pm

On Thursday, Governor Gavin Newsom signed into a law a bill that will remove California Franchise Tax Board (FTB) filing fees for non-profit organizations applying for state tax exemptions. Senate Bill 934, authored by Senator Patricia Bates (R-Laguna Niguel), will...

Assembly Bill To Raise Taxes For Higher Income Earners Faces Tough Legislative Votes

August 3, 2020 1:01 pmAugust 4, 2020 8:09 pm

On Monday, a recently amended bill that would increase taxes on small businesses and taxpayers making over $1 million of taxable income a year began it’s month-long fight to be passed and approved by the end of the legislative session...

Non-Profit Organizations Would Not Have to Pay Filing Fees Under SB 934

February 24, 2020 1:41 pmFebruary 25, 2020 9:58 am

Late last week a new bill that would eliminate California Franchise Tax Board (FTB) filing fees for non-profit organizations was introduced to the Senate. Senate Bill 934, introduced by Senator Patricia Bates (R-Laguna Niguel), would get rid of the current...