California Revenue and Taxation Code

§ 19191

RTC § 19191 Effective Jan 1, 2018Div. 2 · Part 10.2 · Ch. 4 · Art. 8

Statute text

(a)The Franchise Tax Board may enter into a voluntary disclosure agreement with any qualified entity, qualified shareholder, qualified member, qualified beneficiary, or qualified partner, as defined in Section 19192, that is binding on both the Franchise Tax Board and the qualified entity, qualified shareholder, qualified member, qualified beneficiary, or qualified partner.

(b)The Franchise Tax Board shall do all of the following:

(1)Provide guidelines and establish procedures for qualified entities and their qualified shareholders, qualified members, qualified beneficiaries, or qualified partners to apply for voluntary disclosure agreements.

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Legislative history

Amended by Stats. 2017, Ch. 288, Sec. 1. (SB 813) Effective January 1, 2018.