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?
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
January 7, 2014 |
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.
CALIFORNIA | LOCAL
April 22, 1987 |
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.
February 19, 1987 |
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.
CALIFORNIA | LOCAL
April 26, 1986 |
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.
January 13, 2014 |
SACRAMENTO -- It's that time of year. California's Franchise Tax Board, which handled 16 million state income tax returns last year, is urging people who got early W-2 forms from their employers to file now for a quick refund. “The good news is they can log on to our website and file their taxes today,” said spokeswoman Denise Azimi. The biggest change for 2013 personal returns is a jump in the standard deduction for singles from $3,841 to $3,906. For joint filers it rose from $7,682 to $7,812.
April 1, 1988 |
Indicted Iran-Contra scandal figure Albert Hakim lost a round Thursday in his low-profile fight to avoid paying approximately $250,000 in income taxes he allegedly owes the state of California.