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Franchise Tax Board

OPINION
January 27, 1991
Wilson's budget proposes reducing the renter's credit on state income tax by $50 for married couples and $25 for single renters. But homeowners are not asked to give up a penny of their tax breaks. According to Franchise Tax Board figures, the average homeowner deducts $8,000 for mortgage interest and property taxes. Using a 5% state tax rate, the average homeowner gets $400 a year in reduced taxes. Compare this with the current $120 renter credit for couples. Now Wilson wants to reduce the $120 to $70. Remember when taxes were based on the ability to pay?
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BUSINESS
September 8, 1996
In "It's Known as Identity Fraud, but by Any Name It's an Ugly Crime" (Aug. 25), the Federal Trade Commission sets forth tips for preventing identity fraud, among them not giving out your Social Security number. But California's Franchise Tax Board includes the recipient's Social Security number on the mailing label when it sends out tax forms. When I wrote requesting that my Social Security number be removed from the label, I was informed that they could not do so, but that I could write requesting that no tax forms be sent to our home.
CALIFORNIA | LOCAL
April 22, 1987 | From a Times Staff Writer
Candidates in 20 local elections, including Los Angeles, were chosen by lot Tuesday to have their campaign contribution and spending reports audited by the state Franchise Tax Board, the first time such extensive audits will be conducted at the local level. Los Angeles was selected second on a priority list of 20 cities, counties, school districts and special districts in the random drawing conducted by the Fair Political Practices Commission.
NEWS
February 19, 1987 | From a Times Staff Writer
Radio listeners all over California soon will be hearing the voice of newly elected Controller Gray Davis offering them tips on filing their state income taxes. Under a $10,000 program paid for by the Franchise Tax Board, which collects state income taxes, Davis has recorded a series of public service announcements publicizing extended hours for the board's toll-free tax hot line.
OPINION
September 7, 2012
To everyone planning to spend the entire weekend on their smartphones, their laptops, their tablets or their various other electronic gadgets in order to shop at Amazon.com before Sept. 15, when the mammoth online retailer starts collecting sales tax on California purchases: You do know, don't you, that you already have to pay sales tax on your online purchases? Yes, it's officially called a "use tax" rather than a sales tax because Amazon is an out-of-state company. But that's only a technicality.
CALIFORNIA | LOCAL
March 10, 2014 | By Melanie Mason
SACRAMENTO -- The Assembly gave final legislative approval Monday to a bill that aims to crack down on anonymous campaign money by giving California's ethics and tax agencies more authority to conduct investigations. The measure allows the Fair Political Practices Commission and the Franchise Tax Board to initiate audits of campaigns suspected of illegal activities before an election occurs, even if campaign statements or finance reports have not yet been filed. It also explicitly permits the FPPC to seek an injunction in Superior Court to force disclosure and gives the tax board up to two years to conduct more complex investigations.  Assemblyman Rich Gordon (D-Menlo Park)
CALIFORNIA | LOCAL
April 26, 1986 | CARL INGRAM and JERRY GILLAM, Times Staff Writers
A top state tax official Friday criticized California income tax collectors' newest practice of soliciting news organizations to cover the arrests of alleged tax cheaters--some in early morning hours at their homes. "It's not the way to collect taxes," said Richard Nevins, one of three members of the Franchise Tax Board, the agency responsible for collecting state income taxes. "To get money (owed), you go out and put your liens on and you get your money.
CALIFORNIA | LOCAL
January 7, 2014 | By Chris Megerian
SACRAMENTO -- Gov. Jerry Brown received more good news Tuesday as he prepared to release his new budget proposal, due at the end of the week. The last six months generated $2 billion more income tax revenue than expected, according to a new report from the nonpartisan Legislative Analyst's Office. That's 8% more money than administration officials were counting on. The state's coffers received much of that boost in December, with income taxes at $1.4 billion above projections for the month.
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