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Public Meeting Notice

AGENDA

Franchise Tax Board Meeting*
Monday, June 28, 1999 - 10:00 a.m.
State Board of Equalization
450 N Street, Room 121**
Sacramento, CA 95814

Open Session

Item 1. Approval of Minutes

Approval of Minutes of the March 23, 1999 Board meeting.

Item 2. Legislative Matters

  1. Legislative Proposal 99-50 – Deficiency Assessments.
  2. Bills for Position.

Item 3. Regulation Matters

  1. Status Report on Pending Regulations: Proposed Regulations 25128, 25128-1 and 25128-2 (Sales Factor), Proposed Regulations 25106.5, -2, -3, -4, -9, and -10 (Combined Report Mechanics), Proposed Regulations 19041 and 19044 (Protests), Discussion Draft Regulation 25106.5-1 (Combined Report Mechanics – Intercompany Transactions), Discussion Draft Regulation 25137(b) (Property Factor – Nonjurisdictional) and Discussion Draft Regulation 25137(c) (Sales Factor – Occasional Sale of Intangible Assets).
  2. Proposed Regulations 17252.5-1, 17265-1, 17266-1, 17267.2-1, 24356.2-1, 24356.3-1, 24356.4-1, 24356.7-1, (Recapture of Deduction for Qualified Property Previously Used). Authorization to proceed.
  3. Proposed Regulation 17951-4, (Income Sourcing). Authorization to proceed.
  4. Proposed Regulation 25106.5, -2, (Combined Report - Joyce application, Tax Credits, Capital Loss Carryovers). Board consideration and action.
  5. Proposed Regulation 23334, (Tax Clearance Certificate). Authorization to proceed.

Item 4. Administrative Matters

  1. Budget Matters
  1. Status of FY 1999/00 Budget.
    • Finance Letters – Status report.
    • Legislative Actions – Status report.
  1. FY 2000/01 Budget Development – Consideration of Potential Budget Change Proposals: Network Backbone Upgrade, Data Center UPS Replacement, Mainframe Duplex Printing System, Integrated Nonfiler Compliance Project, PASS Integration, Legal Branch Program Maintenance, Investigation Program Expansion, Taxpayer Bill of Rights III – Annual Taxpayer Billing Notices, ARCS Project, Limited Liability Company Project, Court Ordered Debt Program, Workload Growth, Planning Estimate Adjustment, New Voluntary Contribution Funds.
  • Facility Action Requests (Form 9): Central Office, Telephone Room, Ventilation System, Printer Room.
  • Item 5. Consideration of State Office Building Adjacent to FTB Headquarters

    Item 6. Executive Officer's Time

    Item 7. Board Members' Time

    Employee Recognition Resolutions for Board approval. (Melody Aasletten, Clark Allen, Vadonna Carlson, William Caul, Eileen Cartwright, Mark Cole, Sheryl Ellis, Frank Franco, Kathy Gipson, Janet Hammond, Barbara Hanson, Betty Kellogg, Emilio Martinez, Karl Munz, Lyle Nicholas, Irma Oliver, Douglas Patrick, Kerry Schultz, Cheryl Shaw, Kay Smith, Ina Tuck, Joan Weber, Josephine Willey, Meredith Wyatt)

    Item 8. Closed Session Announcement

     Closed Session

     Item A. Closed session to consider recommendations regarding settlement of administrative tax disputes authorized by subdivision (k) and (q) of Section 11126 of the Government Code, and/or required to be in closed session by Section 19442 of the Revenue and Taxation Code.

    Item B. Closed session to consider recommendations to settle litigation cases and to allow the Board to confer with and receive advice from legal counsel regarding pending litigation. Closed session is authorized by Government Code Section 11126(e)(1).

    Item C. Closed session to discuss and act on Personnel Matters. Closed session is authorized by Government Code Section 11126(a)(1).

    * The Board may take action with respect to ANY agenda item consistent with Government Code Section 11125(b).

    * This facility is architecturally accessible to persons with physical disabilities.