California Franchise Tax Board

The California Franchise Tax Board (FTB) collects state personal income tax and corporate income tax of California. It is part of the California Government Operations Agency.

Logo of the FTB
This article is part of a series on
Taxation in the United States
 United States portal

The board is composed of the California State Controller, the director of the California Department of Finance, and the chair of the California Board of Equalization. The chief administrative official is the executive officer of the Franchise Tax Board.

History

In 1879 California adopted its state constitution which among many other programs created the State Board of Equalization and the State Controller, which administered all tax programs.[1]

In 1929, the state legislature created the office of the Franchise Tax Commissioner to administer California’s Bank and Corporation Franchise Tax Act.[1]

In 1950, California abolished the office of the Franchise Tax Commissioner and created the Franchise Tax Board as it exists today.[1]

The Executive Officer of the Franchise Tax Board is Selvi Stanislaus, the first woman to hold the post. She assumed this position in 2006. The prior FTB Executive Officers were:

John J. Campbell (1950 - 1963)

Martin Huff (1963 - 1979) (During the first eight months of 1980, the department was under the direction of William Mackey, who was named Acting Executive Officer.)

Gerald H. Goldberg (1980 - 2005) (During the last five months of 2005, the department was under the direction Will Bush (William C. Bush), who was appointed Interim Executive Officer by the Board.)

Selvi Stanislaus (2006–present)

Members

The three members are the State Controller, Chair of the Board of Equalization, and the Director of the Department of Finance.

YearMembers
1950Thomas H. Kuchel (R), George H. Reilly, James S. Dean
1951Thomas H. Kuchel, J. H. Quinn, James S. Dean
1952Thomas H. Kuchel, J. L. Seawell, James S. Dean
1953Thomas H. Kuchel[note 1]/Robert C. Kirkwood (R), Wm. G. Bonelli, James S. Dean
1954Robert C. Kirkwood, George R. Reilly, John M. Peirce
1955Robert C. Kirkwood, J. H. Quinn, John M. Peirce
1956Robert C. Kirkwood, Paul R. Leake, John M. Peirce
1957Robert C. Kirkwood, Robert E. McDavid, John M. Peirce
1958Robert C. Kirkwood, George R. Reilly, John M. Peirce/T.H. Mugford[note 2]
1959Alan K. Cranston (D), Paul R. Leake, Bert W. Levitt
1960Alan K. Cranston, John W. Lynch, John E. Carr
1961Alan K. Cranston, John W. Lynch, Hale Champion
1962Alan K. Cranston, George R. Reilly, Hale Champion
1963Alan K. Cranston, John W. Lynch, Hale Champion
1964Alan K. Cranston, Paul R. Leake, Hale Champion
1965Alan K. Cranston, John W. Lynch, Hale Champion
1966Alan K. Cranston, George R. Reilly, Hale Champion
1967Houston I. Flournoy (R), Paul R. Leake, Gordon P. Smith
1968Houston I. Flournoy, Richard Nevins, Caspar W. Weinberger
1969Houston I. Flournoy, John W. Lynch, Caspar W. Weinberger
1970Houston I. Flournoy, George R. Reilly, Verne Orr
1971Houston I. Flournoy, Richard Nevins, Verne Orr
1972Houston I. Flournoy, John W. Lynch, Verne Orr
1973Houston I. Flournoy, William M. Bennett, Verne Orr
1974Houston I. Flournoy, William M. Bennett, Verne Orr
1975Ken Cory (D), John W. Lynch, Roy M. Bell
1976Ken Cory, William M. Bennett, Roy M. Bell
1977Ken Cory, William M. Bennett, Roy M. Bell
1978Ken Cory, George R. Reilly, Roy M. Bell
1979Ken Cory, William M. Bennett, Richard T. Silberman
1980Ken Cory, Richard Nevins, Mary Ann Graves
1981Ken Cory, Ernest J. Dronenburg, Jr., Mary Ann Graves
1982Ken Cory, William M. Bennett, Michael Franchetti
1983Ken Cory, William M. Bennett, Michael Franchetti
1984Ken Cory, Richard Nevins, Jesse Huff
1985Ken Cory, Ernest J. Dronenburg, Jr., Jesse Huff
1986Ken Cory, Richard Nevins, Jesse Huff
1987Gray Davis (D), Conway H. Collis, Jesse Huff
1988Gray Davis, Ernest J. Dronenburg, Jr., Jesse Huff
1989Gray Davis, Paul Carpenter, Jesse Huff
1990Gray Davis, Conway Collis, Jesse Huff
1991Gray Davis, Brad Sherman, Thomas Hayes
1992Gray Davis, Brad Sherman, Thomas Hayes
1993Gray Davis, Brad Sherman, Thomas Hayes
1994Gray Davis, Brad Sherman, Russell Gould
1995Kathleen Connell (D), Brad Sherman, Russ Gould
1996Kathleen Connell, Johan Klehs, Craig L. Brown
1997Kathleen Connell, Ernie Dronenburg, Craig L. Brown
1998Kathleen Connell, Dean Andal, Craig L. Brown
1999Kathleen Connell, Johann Klehs, B. Timothy Gage
2000Kathleen Connell, Dean Andal, B. Timothy Gage
2001Kathleen Connell, Claude Parrish, B. Timothy Gage
2002Kathleen Connell, John Chiang, B. Timothy Gage
2003Steve Westly (D), Carol Migden, Steve Peace/Donna Arduin[note 3]
2004Steve Westly, Carol Migden, Donna Arudin/Tom Campbell[note 4]
2005Steve Westly, John Chiang, Tom Campbell/Michael C. Genest[note 5]
2006Steve Westly, John Chiang, Michael C. Genest
2007John Chiang (D), Betty T. Yee, Michael C. Genest
2008John Chiang, Judy Chu, Michael C. Genest
2009John Chiang, Betty T. Yee, Michael C. Genest/Ana J. Matosantos[note 6]
2010John Chiang, Betty T. Yee, Ana J. Matosantos/Cynthia Bryant[note 7]
2011John Chiang, Jerome E. Horton, Ana J. Matosantos
2012John Chiang, Jerome E. Horton, Ana J. Matosantos
2013John Chiang, Jerome E. Horton, Ana J. Matosantos/Michael Cohen[note 8]
2014John Chiang, Jerome E. Horton, Michael Cohen
2015Betty T. Yee, Jerome E. Horton, Michael Cohen
2016Betty T. Yee, Fiona Ma, Michael Cohen
2017Betty T. Yee, Diane L. Harkey, Michael Cohen
2018Betty T. Yee, George Runner, Keely Bosler
2019Betty T. Yee, Malia M. Cohen, Keely Bosler
2020Betty T. Yee, Antonio Vazquez, Keely Bosler

Notes
  1. Thomas H. Kuchel (R) was Controller but resigned office to accept the position of US Senator in January 1953 and was replaced by the appointment of Robert Kirkwood.
  2. John M. Peirce resigned July 1958. Mugford was appointed July 1958.
  3. Gov. Arnold Schwarzenegger appointed Arduin as director of finance after the recall election of 2004 and replaced Steve Peace, Gov. Gray Davis' finance director.
  4. Donna Arduin resigned to accept an appointment to the board of directors of a private firm and was replaced by the appointment of Tom Campbell.
  5. Tom Campbell resigned to return to his post as dean of the Haas School of Business at the University of California at Berkeley and was replaced by the appointment of Michael C. Genest.
  6. Michael C. Genest resigned in November 2009 and was replaced by the appointment of Ana J. Matosantos.
  7. Ana J. Matosantos resigned in December 2010 to accept Gov-elect Jerry Brown's appointment as Director Of Finance under his new administration. Cythina Bryant served as interim DOF Director from December 7, 2010, to January 3, 2011, when Ana J. Matosantos' appointment by Governor Brown was effective.
  8. Ana J. Matosantos resigned in July 2013. She was replaced by the appointment of Michael Cohen effective Sept 15, 2013.

Tax programs

Personal income tax

The FTB collects personal state income taxes. The FTB collects income taxes from California residents on their income from all sources.[2] Meanwhile, non-residents are taxed on their California-based income.[2] In recent years, the FTB collects more than $50 billion each year in personal income taxes.[2][3]

Corporate income tax

The FTB levies a franchise tax on businesses for doing business in California.[2] The FTB's name reflects the fact that it was originally created to collect this tax. The agency's name was left unchanged even after the state created a personal income tax and added it to the FTB's responsibilities.

The corporate tax is imposed on businesses that do business in California and derive income from within California.[2] Over the past decade, the FTB has collected an average of $9.5 billion per year in corporate income taxes.[3]

Non-tax programs

The FTB also collects delinquent vehicle registration debt collections on behalf of the California Department of Motor Vehicles and delinquent court ordered debt. The FTB also does financial audits of certain candidates for state office, ballot proposition committees, and lobbyists, according to a random selection process by the California Fair Political Practices Commission.

gollark: I impost all entities simultaneously.
gollark: https://media.discordapp.net/attachments/452775413509259265/832320147112853545/3dgifmaker83815.gif
gollark: > rotating at an exponentially increasing rate
gollark: Fascinating.
gollark: Why does Syl have in-depth knowledge of lemon currency APIs and some Haskell ability?

See also

References
  1. Publication: Franchise Tax Board at a Glance, page 2
  2. Publication: Franchise Tax Board at a Glance, page 4
  3. State Controller's Office: State Finances 101: State Taxes Archived 2014-07-05 at the Wayback Machine
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.