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1730 Franchise Tax Board
Major Program Changes
- The Governor's Budget provides $14.7 million General Fund and 158 temporary help positions to address revenue workload backlogs. This effort will generate $50 million in new General Fund revenues in 2010-11.
- The Governor's Budget provides $7 million and 38 positions for second-year implementation activities for the Enterprise Data to Revenue (EDR) Project. EDR is a multi-year effort to enhance FTB's filing, audit, and collection activities by creating a virtual data warehouse accessable by all branches of FTB. The 2010-11 funding also will generate $20 million in new General Fund revenues by providing resources to clear a backlog of Business Entity tax returns.
- The Governor's Budget provides $850,000 General Fund and 10 positions for FTB to participate in the Federal Treasury Offset Program. This is a reciprocal program where the Internal Revenue Service and state tax agencies withhold income tax refunds and other payments from persons who owe unpaid tax to the other entity. This effort will generate $6 million in General Fund revenues in 2010-11.
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