1730 Franchise Tax Board
Major Program Changes
  • The Budget provides $96 million General Fund and 165 positions for second-year implementation activities related to the Enterprise Data to Revenue Project. This is expected to generate $151 million in 2012-13 General Fund revenues.

  • The Budget provides $755,000 General Fund and seven positions to implement Assembly Bill 1424 (Chapter 455, Statutes of 2011), which requires the FTB to develop a list of the top 500 tax debtors, and to suspend occupational, professional, and drivers' licenses of persons on the list. This is expected to generate $24 million in 2012-13 General Fund revenues.

  • The Budget provides $592,000 for FTB costs related to expanding the Financial Institutions Records Match (FIRM) Program to the Board of Equalization and the Employment Development Department.