Returns: unclaimed property.

Existing law provides that it is a misdemeanor for the Franchise Tax Board or specified state employees to disclose or make known any information in a return, report, or document filed under income tax laws, but authorizes the Franchise Tax Board to disclose this information for specified purposes. Existing law authorizes the Franchise Tax Board to provide the Controller with the address or other identification or location information from income tax returns or other records that is necessary for the Controller to locate owners of unclaimed property, as specified. This bill would additionally authorize the Franchise Tax Board to provide to the Controller, among other things, whether the taxpayer has previously filed an unclaimed property report, as defined, with the Controller, and if applicable, the date that the taxpayer's last report was filed and the amount remitted on the taxpayer's last report.