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State of California Franchise Tax Board

Changes to 2012 Forms

Updates to the 3807 Booklet on 03/02/2014 –– Local Agency Military Base Recovery Area Business Booklet

We replaced text on Page 19, Worksheet V, Section A, Line 6.

Previous Version

6. Enter the amount from form FTB 3805V, Part 1, Section A, Line 18

Revised Version

6. Enter the amount from form FTB 3805V, Part 1, Section A, Line 20

Reason for the changes

AB 1412 (Stats. 2013, ch. 546), signed by the Governor on October 4, 2013, retroactively allows the Qualified Small Business Stock (QSBS) deferral and 50 percent gain exclusion for tax years 2008 through 2012. The FTB 3807 Booklet, Worksheet V is indirectly affected by AB 1412 changes. Worksheet V references form FTB 3805V which had line number changes due to AB 1412.

Impact

No tax impact.

Back to Tax Form Changes for 2012

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