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SB 1508 California Senate · 2017-2018 Regular Session

Corporate taxation: voluntary disclosure agreements: qualified entities.

Summary
Existing law authorizes the Franchise Tax Board to enter into voluntary disclosure agreements with specified entities, including a "qualified entity." Existing law does not include as a "qualified entity" an entity that is qualified or registered with the office of the Secretary of State. This bill would include as a "qualified entity" a foreign corporation, foreign limited liability company, foreign limited liability partnership, or foreign limited partnership that has qualified or registered with the office of the Secretary of State within 6 months of the date the application for a voluntary disclosure agreement is filed with the Franchise Tax Board, subject to specified limitations.
Bill status passed 3 of 5 stages cleared
Introduction
Mar 2018
Committee Review
Aug 2018
Senate Passage
May 2018
Assembly Passage
Governor
Introduced Mar 21, 2018 Last action Aug 16, 2018
Floor votes · Senate May 31, 2018

How they voted

39–0
Passed
Total votes 39
May 31, 2018
D Democratic26
26 Yea
100% Yea
R Republican13
13 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
19
Key actions
6
Committee
6
Amendments
1
Aug 16, 2018
Lower · Passed
August 16 hearing: Held in committee and under submission.
lower
Jul 2, 2018
Lower · Passed
Read second time and amended. Re-referred to Com. on APPR.
lower
Jun 28, 2018
Lower · Passed
From committee: Do pass as amended and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 9. Noes 0.) (June 25).
lower
Jun 11, 2018
Committee
Referred to Com. on REV. & TAX.
lower
May 31, 2018
Senate · Passed
Senate Vote: pass (39-0)
senate
May 25, 2018
Upper · Passed
From committee: Do pass. (Ayes 7. Noes 0. Page 4312.) (May 25).
upper
Apr 25, 2018
Upper · Passed
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To consent calendar. (Ayes 7. Noes 0. Page 4812.) (April 25). Re-referred to Com. on APPR.
upper
Apr 4, 2018
Committee
Referred to Com. on GOV. & F.
upper
Mar 21, 2018
Introduced
Introduced. Read first time. To Com. on RLS. for assignment. To print.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.