Franchise Tax Board: reporting requirements.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Enrolled
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill modifies the reporting requirements of the Franchise Tax Board. Currently, the Board must report annually on health coverage penalties paid by households to the Legislature by March 1st. The bill changes this deadline to June 1st each year. The report includes data on penalty amounts, exemptions, and household demographics.
Key provisions
- Changes the annual reporting deadline for the Franchise Tax Board from March 1st to June 1st.
- Requires the Franchise Tax Board to report data on penalty amounts by county and adjusted gross income class.
- Requires the Franchise Tax Board to report data on the number of exemptions applied.
- Requires the Franchise Tax Board to report data on the number of applicable households by federal poverty level category.
- Requires the Franchise Tax Board to report on state financial subsidies related to penalty adjustments.
Who is affected
- Franchise Tax Board
- Legislature
- Households paying health coverage penalties
- Taxpayers
Notable changes
- Extends the reporting deadline for the Franchise Tax Board.
Bill text
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Sponsors
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1 on record
Primary sponsor
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