State Board of Equalization: administration: opinions.

The California Constitution establishes the State Board of Equalization, and existing law prescribes its various powers and duties with respect to various taxes and fees, including administration, assessment, and collection and prescribes its functions with respect to property taxes. The State Board of Equalization is the appellate body for disputes arising under franchise and income tax laws. The State Board of Equalization decides disputes arising under tax and fee laws administered by the board and decides specified petitions and applications arising under property tax laws. This bill would require the board to publish and make available on its Internet Web site a written formal opinion, a written memorandum opinion, or a written summary decision for each decision of the board, as specified, in which the amount in controversy is $500,000 or more, within 120 days of the date upon which the board rendered its decision. This bill would require each published opinion or decision to contain specified information.