Public Meeting Agenda
Franchise Tax Board Meeting*
Thursday, August 6, 1998 - 10:00 a.m.
State Board of Equalization**
450 N Street, Room 121
Item 1. Approval of Minutes
Approval of Minutes of May 28, 1998 Board meeting.
Item 2. Legislative Matters
a. Legislative Proposal.
Staff will recommend and the Board will consider and may approve one or more proposals for legislative changes.
b. Positions on Legislative Bills.
The Board will discuss and may take positions with respect to the bills listed on the attachment to this agenda.
c. Legislation Update.
Staff will report on the status of legislative bills of interest.
Item 3. Regulation Matters
a. Regulations 25111 and 25111-1 (Water's Edge Elections.) Staff update and recommendation(s). Board may give directions or take other appropriate action.
b. Regulation 25106.5 (Combined Report Mechanics.) Staff update and recommendation(s). Board may give directions or take other appropriate action.
c. Regulation 25128 (Double Weighted Sales Factor.) Staff update.
d. Regulation 25137 (Sales Factor-inclusion of overall net gain from disposition of certain liquid assets.) Staff update and recommendation(s). Board may give directions or take other appropriate action.
Item 4. Administrative Matters
a. Board consideration and action regarding contracts. Staff recommendation for Board approval to initiate amendment to contract for the BETS project for final payments.
b. Board consideration and action regarding budget matters.
Item 5. Electronic Filing and Payments
Item 6. Taxation of Distributions with Respect to Roth IRA Rollovers
Staff report and recommendation.
Item 7. Voter Registration. Tax Booklet
Item 8. Staff Update Regarding Trust Administration Project
Item 9. Executive Officers Time
Item 10. Board Members Time
a. Employee recognition resolutions (B. Ann Barkley, William Linn, Wilma Sue Farris, Alan Baker, Pat Taylor, Poleksija Kosanovic, Carolyn M. Lumsden, Jerry R. Thompson.)
b. Board Secretary resolutions appointing new Board Secretary (Megan Hall) and commending prior Board Secretary (Valerie Holland.)
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. Closed session is authorized by Government Code Section 11126(e)(1). (Aramark Services, Inc. vs. FTB, Freedom Communications vs. FTB, Sizzler International, Inc. vs. FTB, and Sigma Designs, Inc. vs. FTB.)
Item C. Closed session to allow the Board to confer with and receive advice from legal counsel regarding pending litigation. The Board will consider staff recommendations to appeal adverse decisions. (Chen vs. FTB, Tahoe Beach and Ski Club Homeowners Association vs. FTB, and Yedlin vs. FTB.) Closed session is authorized by Government Code Section 11126(e)(1).
Item D. Closed session to discuss and act on Personnel Matters. Closed session is authorized by Government Code Section 11126(a)(1).
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