Applicability Date of Proposed Revisions to California Code of Regulations, Title 18, Section 25136-2 Public Service Bulletin
April 15, 2021
Purpose of bulletin
To inform FTB staff and the public that tax returns prepared for the taxable years beginning during the 2020 calendar year are not required to be prepared utilizing the rules reflected in the proposed revisions to California Code of Regulations, title 18, (CCR) section 25136-2.
Certain provisions of CCR section 25136-2 are currently undergoing revision. There have been five Interested Party Meetings (IPM) held to discuss the proposed revisions with the public. Draft language circulated at the most recent IPM indicated that the proposed revisions would be applicable for taxable years beginning on January 1, 2019. However, the actual applicability date for the proposed revisions has yet to be finally determined.
This is to advise that the proposed revisions to CCR section 25136-2 will not apply for taxable years beginning during the 2020 calendar year. Accordingly, tax returns prepared for the 2020 taxable year are not required to be prepared utilizing the rules reflected in the proposed revisions to CCR section 25136-2.