Reforms made to California State Board of Equalization
New legislation changes how California State taxes are administered and adjudicated starting July 1, 2017. We cover how these changes could affect you and your business in our Alert.
On June 15, 2017, the California State Legislature passed Assembly Bill (AB) 102, The Taxpayer Transparency and Fairness Act of 2017, which makes substantial changes to the California State Board of Equalization (BOE) and how certain taxes are administered and adjudicated. The changes are endorsed by Governor of California, Jerry Brown, who signed the bill into law on June 27, 2017.
The new legislation removes many of the powers currently held by the BOE and transfers them to two new departments: The Department of Tax and Fee Administration and the Office of Tax Appeals. The BOE will retain its constitutional duties, including oversight of property taxes and the assessment of state-assessed properties.
Read more here.