Bill Text: CA SB317 | 2013-2014 | Regular Session | Introduced

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Bill Title: Tax credits: annual reports.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-02-03 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB317 Detail]

Download: California-2013-SB317-Introduced.html

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BILL NUMBER: SB 317	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Calderon

                        FEBRUARY 19, 2013

   An act to amend and repeal Section 38.7 of the Revenue and
Taxation Code, relating to taxation.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 317, as introduced, Calderon. Tax credits: annual reports.
   Existing law requires the Legislative Analyst's Office to provide
the Assembly Committee on Revenue and Taxation, the Senate Committee
on Governance and Finance, and the public a report evaluating the
economic effects and administration of specified tax credits.
   This bill would make technical, nonsubstantive changes to that
provision and would repeal duplicate provisions of law.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 38.7 of the Revenue and Taxation Code, as added
by Section 1 of Chapter 841 of the Statutes of 2012, is amended to
read:
   38.7.  (a) On or before January 1, 2016, the Legislative Analyst's
Office shall provide to the Assembly Committee on Revenue and
Taxation, the Senate Committee on Governance and Finance, and the
public a report evaluating the economic effects and administration of
the tax credits allowed pursuant to Sections 6902.5, 17053.85, and
23685. In researching the reports, the Legislative Analyst's Office
may do  all of  the following:
   (1) Request and receive  all  information
provided to the California Film Commission pursuant to subdivision
(g) of Sections 17053.85 and 23685.
   (2) Request and receive  all  information
provided to the Franchise Tax Board relating to the sale or
assignment of credits pursuant to subdivision (c) of Sections
17053.85 and 23685.
   (3) Request and receive  all  information
provided to the board pursuant to subdivisions (c) and (g) of Section
6902.5.
   (b) The California Film Commission, the board, the Franchise Tax
Board, the Employment Development Department, and all other relevant
state agencies shall provide additional information, as specified by
the Legislative Analyst's Office, as needed to research the reports
required by this section.
   (c) (1) The information received by the Legislative Analyst's
Office pursuant to this section shall be considered confidential
taxpayer information subject to Sections 7056, 7056.5, and 19542 of
this code and Section 1094 of the Unemployment Insurance Code, and
shall be subject to the appropriate confidentiality requirements of
the participating state agency.
   (2) The Legislative Analyst's Office may publish statistics in
conjunction with the reports required by this section that are
derived from information provided to the Legislative Analyst's Office
pursuant to this section if the published statistics are classified
to prevent the identification of particular taxpayers, reports, and
tax returns and the publication of the percentage of dividends paid
by a corporation that is deductible by the recipient under Part 11
(commencing with Section 23001) of Division 2.
  SEC. 2.  Section 38.7 of the Revenue and Taxation Code, as added by
Section 1 of Chapter 840 of the Statutes of 2012, is repealed.

   38.7.  (a) On or before January 1, 2016, the Legislative Analyst's
Office shall provide to the Assembly Committee on Revenue and
Taxation, the Senate Committee on Governance and Finance, and the
public a report evaluating the economic effects and administration of
the tax credits allowed pursuant to Sections 6902.5, 17053.85, and
23685. In researching the reports, the Legislative Analyst's Office
may do all of the following:
   (1) Request and receive all information provided to the California
Film Commission pursuant to subdivision (g) of Sections 17053.85 and
23685.
   (2) Request and receive all information provided to the Franchise
Tax Board relating to the sale or assignment of credits pursuant to
subdivision (c) of Sections 17053.85 and 23685.
   (3) Request and receive all information provided to the board
pursuant to subdivisions (c) and (g) of Section 6902.5.
   (b) The California Film Commission, the board, the Franchise Tax
Board, the Employment Development Department, and all other relevant
state agencies shall provide additional information, as specified by
the Legislative Analyst's Office, as needed to research the reports
required by this section.
   (c) (1) The information received by the Legislative Analyst's
Office pursuant to this section shall be considered confidential
taxpayer information subject to Sections 7056, 7056.5, and 19542 of
this code and Section 1094 of the Unemployment Insurance Code, and
shall be subject to the appropriate confidentiality requirements of
the participating state agency.
   (2) The Legislative Analyst's Office may publish statistics in
conjunction with the reports required by this section that are
derived from information provided to the Legislative Analyst's Office
pursuant to this section if the published statistics are classified
to prevent the identification of particular taxpayers, reports, and
tax returns and the publication of the percentage of dividends paid
by a corporation that is deductible by the recipient under Part 11
(commencing with Section 23001) of Division 2.