Tax News

FTB Archive Disclaimer:  Archived content is not current and may contain broken links. It remains online for historical reference or research. The search function above allows you to search archived and current content separately. If you need archived content in a different format, contact us.

MARCH/APRIL 2001

CALIFORNIA FRANCHISE TAX BOARD
Tax News Logo

Legislation puts `tax year' in place of `income year'
Change implemented to simplify tax law
Inside...
Assembly Bill 1843, sponsored by the Franchise Tax Board, replaces the references to income year with taxable year in all provisions of the Bank and Corporation Law (B&CTL), the Administration of the Franchise and Income Tax Law (AFITL), and the Personal Income Tax Law (PITL).

This bill is operative for all years beginning on or after January 1, 2001.

All affected forms and instructions were revised to replace the term income year with taxable year.

As a result of this statutory change, the franchise tax is computed based on the net income of the taxable year instead of on the net income of the preceding income year, which no longer exists.

FTB sponsors audit procedure meetings
Page 2


Corrections to tax forms
Page 6


E-Government
News
Page 7

And on the Web at
www.ca.gov:

. Help with SDI
. New Interest
  abatement rules
. FTB helps
  teachers claim
  credit

Continued on page 3

FLEX YOUR POWER

Dear Readers: The energy challenge facing California is real and it could not have come at a worse time -- the filing season!

Governor Gray Davis' office has asked us to help by getting the word out to all our customers about the importance of conserving energy. The following article contains some simple things that you can do right now to reduce demand and cut your own energy costs.

California continues to experience electrical shortages and rolling blackouts throughout the state. 

To reduce the risk, the most important thing we can do in the short term is reduce our demand for electricity and use energy more efficiently.

The Governor and leaders of the California Legislature are working with utility companies, generators, and consumer groups to fashion long-term solutions for reliable and affordable electricity.

The state has already implemented a plan to reduce consumption by a minimum of eight percent across the board.

Continued on page 8

Help Us Improve Our Website

Don't include social security numbers or other personal/confidential information.



Thank you for your help.

If you need assistance, contact us.

Oops! Something went wrong.

We appreciate your feedback. Please try again later

 

You are leaving ftb.ca.gov

We do not control the destination site and cannot accept any responsibility for its contents, links, or offers. Review the site's security and confidentiality statements before using the site.

If you have any issues or technical problems, contact that site for assistance.

Ahora está saliendo de ftb.ca.gov

Nosotros no controlamos el sitio web al que se destina y no podemos aceptar ninguna responsabilidad por su contenido, enlaces, u ofertas. Revise las declaraciones de seguridad y confidencialidad del sitio antes de usar el sitio. Si tiene algún problema en general o técnico, comuníquese con ese sitio para obtener asistencia.

Si tiene algún problema en general o técnico, comuníquese con ese sitio para obtener asistencia.