Mike Eng
- Democratic
Author
The Corporation Tax Law, in modified conformity with federal income tax laws, exempts various types of organizations from state income taxes imposed by that law. Existing law allows organizations that have obtained a ruling or determination from the Internal Revenue Code that it is exempt from federal income taxes as an organization described in Section 501(c) (3) of the Internal Revenue Code to obtain exemption from state income taxes by submitting to the Franchise Tax Board a copy of the notification issued by the Internal Revenue Service approving the organization's tax-exempt status, as specified. This bill would additionally, if the central organization and all of its subordinates are organizations described in Section 501(c) (3) , exempt a subordinate organization that is included in a federal group exemption letter, provided the organization submits to the board a copy of the group exemption letter issued by the Internal Revenue Service and substantiation that it is included in the federal group exemption letter as a subordinate organization. This bill would require the board to issue an acknowledgment of an organization's exemption from state income taxes, as provided. This bill would also, if the board suspends or revokes the exemption of an organization, provide that the exempt status will not be reinstated until the organization applies to the Franchise Tax Board for exemption, and the board issues a determination exempting the organization from state income taxes, as provided. This bill would also require documents submitted to the Franchise Tax Board to verify the exemption, and the acknowledgment letter or other document issued by the Franchise Tax Board, to be open to public inspection, as specified.
Approved by the Governor.
Chaptered by Secretary of State - Chapter 504, Statutes of 2009.
Enrolled and to the Governor at 5:15 p.m.
In Assembly. To enrollment.
Read third time, passed, and to Assembly. (Ayes 39. Noes 0. Page 1925.)
Ordered to Special Consent Calendar.
Read second time. To third reading.
From committee: Be placed on second reading file pursuant to Senate Rule 28.8.
From committee: Do pass, and re-refer to Com. on APPR with recommendation: To Consent Calendar. Re-referred. (Ayes 8. Noes 0.) (July 8).
In committee: Hearing postponed by committee.
In committee: Hearing postponed by committee.
Read third time, passed, and to Senate. (Ayes 77. Noes 0. Page 1627.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read second time. To Consent Calendar.
From committee: Do pass. To Consent Calendar. (May 13).
From committee: Do pass, and re-refer to Com. on APPR. with recommendation: To Consent Calendar. Re-referred. (Ayes 8. Noes 0.) (April 27).
From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
In committee: Set, first hearing. Hearing canceled at the request of author.
From printer. May be heard in committee March 26.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB404 | HTML |
| 02/23/09 - Introduced | |
| 04/14/09 - Amended Assembly | |
| 08/27/09 - Enrolled | |
| 10/11/09 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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