§ 19554. — 19554. (Amended by Stats. 2021, Ch. 92, Sec. 1.)

California § 19554.

• Jurisdiction: California
• Code RTC: Revenue and Taxation Code - RTC
• Div. 2.: DIVISION 2. OTHER TAXES
• Part 10.2.: PART 10.2. ADMINISTRATION OF FRANCHISE AND INCOME TAX LAWS
• Ch. 7.: CHAPTER 7. Administration of Tax
• Art. 2.: ARTICLE 2. Disclosure of Information

Text

(a)
Subject to the limitations of this section and federal law, the Franchise Tax Board may provide the Controller with the address or other identification or location information from income tax returns or other records which is necessary for the Controller to locate owners of unclaimed property pursuant to Title 10 (commencing with Section 1300) of Part 3 of the Code of Civil Procedure.
(b)
Subject to the limitations of this section and Section 6103(d) of the Internal Revenue Code, the Franchise Tax Board may provide the Controller, on an annual basis, with the following information from business entity income tax returns or other business entity records maintained by the Franchise Tax Board:
(1)
The taxpayer’s name.
(2)
The taxpayer’s identification number.
(3)
The taxpayer’s address.
(4)
The taxpayer’s principal business activity code.
(5)
The taxpayer’s entity status and the date that the Franchise Tax Board last updated the taxpayer’s entity status.
(6)
The taxpayer’s revenue range.
(7)
Whether the taxpayer previously filed an unclaimed property report with the Controller, and, if applicable, both of the following:
(A)
The date filed of the taxpayer’s last report.
(B)
The amount remitted on the taxpayer’s last report.
(c)
(1)
The information provided to the Controller under this section is subject to Section 19542.
(2)
Neither the Controller nor any officer, employee, or agent, or former officer, employee, or agent of the Controller may disclose or use any information obtained from the Franchise Tax Board pursuant to this section except for the purpose of locating owners of unclaimed property as provided in subdivision (a), or for the purpose of determining compliance with the Unclaimed Property Law (Title 10 (commencing with Section 1300) of Part 3 of the Code of Civil Procedure), as provided in subdivision (b).
(d)
For purposes of this section:
(1)
“Income” means net income as reported on Forms 100, 100S, and 100W, ordinary income as reported on Form 565, total income as reported on Form 568, or total gross receipts as reported on Form 199.
(2)
“Revenue range” is a range of income amounts determined by the Franchise Tax Board.
(3)
“Unclaimed property” has the same meaning as defined in Section 1300 of the Code of Civil Procedure.
(4)
“Unclaimed property report” means the report and remittance required to be filed pursuant to Sections 1530 and 1532 of the Code of Civil Procedure.

Legislative History

Amended by Stats. 2021, Ch. 92, Sec. 1. (AB 466) Effective January 1, 2022.