California Revenue and Taxation Code

§ 19548.3

RTC § 19548.3 Effective Sep 16, 2017Div. 2 · Part 10.2 · Ch. 7 · Art. 2

Statute text

(a)Notwithstanding any other law, the Scholarshare Investment Board shall disclose the name and individual taxpayer identification number (ITIN) or social security number of a participant in a qualified tuition program established pursuant to Article 19 (commencing with Section 69980) of Chapter 2 of Part 42 of Division 5 of Title 3 of the Education Code to the Franchise Tax Board for the purpose of verifying the income eligibility for participants of any of the programs administered by the Scholarshare Investment Board.

(b)(1) The Franchise Tax Board, upon receipt of this information, shall inform the Scholarshare Investment Board of both of the following:

(A)The amounts of the federal adjusted gross income as reported by the taxpayer to the Franchise Tax Board.

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Legislative history

Added by Stats. 2017, Ch. 250, Sec. 20. (AB 129) Effective September 16, 2017.