FTB Follows Federal Extensions for Livestock Replacement
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Public Affairs Office
For Immediate Release
Sacramento – The Franchise Tax Board (FTB) today announced that it will follow the federal extension dates to replace livestock that farmers were forced to sell due to the drought as described in IRS Notice 2014-60.
The IRS identified all 58 counties in California as qualifying for this relief. For more on these tax rules see IRS Publication 225, Farmer's Tax Guide on IRS.gov.
For information about state income taxes including forms, visit FTB online at ftb.ca.gov.
FTB administers two of California's major tax programs: Personal Income Tax and the Corporation Tax. FTB also administers other non tax programs and delinquent debt collection functions, including delinquent vehicle registration debt collections on behalf of the Department of Motor Vehicles, and court–ordered debt. Annually, FTB’s tax programs collect more than 65 percent of the state’s general fund. For more information on other taxes and fees in California, visit taxes.ca.gov.
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