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State of California Franchise Tax Board

Public Meeting Agenda

Franchise Tax Board Meeting
Monday, November 17, 1997 - 2:00 p.m.
State Board of Equalization
450 N Street, Room 121*
Sacramento, California

Open Session

Item 1. Approval of Minutes

Approval of Minutes of July 21, 1997 Board meeting. Board action.

Item 2. Taxpayers’ Bill of Rights Hearing

This annual hearing is held to allow industry representatives and individual taxpayers to present proposals on changes to existing state franchise and income tax law. Possible Board action.

Item 3. Legislative Matters

Staff discussion and recommendation on legislative proposals for 1998. Board action.

Item 4. Regulation Matters

  1. Staff report regarding Proposed Homeowners and Renters Assistance regulations to implement the federal Personal Responsibility and Work Opportunity Act of 1996. Possible Board action.
  2. Staff report on draft proposed regulation Sections 25128, 25128-1 and 25128-2 regarding double weighting the sales factor and extractive and agriculture business activity.
  3. Staff report on Multistate Tax Commission’s uniformity recommendation regarding amendment of Regulation IV.18(c) to include net gains from the sale of certain intangibles in the sales factor of the apportionment formula. Board action.

Item 5. Water’s Edge White Paper

Staff presentation regarding Water’s-Edge White Paper. Possible Board action.

Item 6. Applications for Voluntary Disclosure

Board consideration of staff recommendations regarding Applications for Voluntary Disclosure filed pursuant to Revenue and Taxation Code Section 19191. Possible Board action.

Item 7. Franchise Tax Board Response Time to Telephone Inquiries

Staff report on response time to telephone inquiries to the department. Possible Board action.

Item 8. Internet Freedom Act

Staff presentation and Board discussion regarding proposed changes to the Internet Freedom Act. Possible Board action.

Item 9. Health Care Corporations

Staff presentation and Board discussion regarding health care corporations. Possible Board action.

Item 10. Federation of Tax Administrators Member Fees

Staff report and Board discussion regarding Federation of Tax Administrators member fees.

Item 11. Executive Officer’s Time

  1. Executive Officer’s Performance Evaluation Report. Possible Board action.
  2. Franchise Tax Board 1998/99 fiscal year summary of Budget Change Proposals. Possible Board action.
  3. Resolution regarding Israel Rogers’ retirement. Board action.

Item 12. Board Members’ Time

Closed Session

Item A.

Closed session to consider recommendations regarding settlement of administrative tax disputes required to be in closed session by Section 19442 of the Revenue and Taxation Code.

Item B.

Closed session to approve recommended settlement in two litigation cases. Government Code Sections 11126(e)(1) and 11126.3(a).

Item C.

Closed session to consider a staff recommendation to approve a Closing Agreement involving confidential tax information. Government Code Section 11126(c)(11).

Item D.

Closed session regarding appointment of Chief Counsel. Government Code Section11126(a)(1).


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