1730 Franchise Tax Board
Major Program Changes
  • The Governor's Budget provides $3.2 million and 34 positions for discretionary workload in the Audit Program. This will result in General Fund revenues of $6.5 million in 2011-12, increasing to $13 million in subsequent years.

  • The Governor's Budget provides $1.3 million and 3 positions for the Financial Institutions Records Match program, under which financial institutions will establish a quarterly records match process between their customer records and the Franchise Tax Board's records of delinquent taxpayers. This program will result in General Fund revenues of $30 million in 2011-12.

  • The Governor's Budget provides $500,000 and 5 positions for a Voluntary Compliance Initiative to reduce abusive tax shelters and other tax avoidance transactions. The Initiative will result in net General Fund revenues of $220 million through 2011-12.

  • The Governor's Budget provides $4.7 million for upgrades to the Franchise Tax Board's mainframe central processing unit. These upgrades are necessary to ensure continued rapid processing of tax returns and related information.