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SB-972 Corporation taxes: disclosure.(2019-2020)

Senate:
1st
Cmt
2nd
Cmt
2nd
3rd
2nd
3rd
Pass
Pass
Veto
Assembly:
1st
Cmt
2nd
Cmt
2nd
3rd
Pass
Bill Status
SB-972
Skinner (S)
-
-
Corporation taxes: disclosure.
03/13/20
An act to add Section 19571.5 to the Revenue and Taxation Code, relating to taxation.
Senate
09/04/20
07/28/20

Type of Measure
Active Bill - In Floor Process
Majority Vote Required
Non-Appropriation
Fiscal Committee
Non-State-Mandated Local Program
Non-Urgency
Non-Tax levy
Last 5 History Actions
Date Action
09/29/20 In Senate. Consideration of Governor's veto pending.
09/29/20 Vetoed by the Governor.
09/10/20 Enrolled and presented to the Governor at 3 p.m.
08/30/20 Assembly amendments concurred in. (Ayes 28. Noes 11.) Ordered to engrossing and enrolling.
08/28/20 In Senate. Concurrence in Assembly amendments pending.
Governor's Veto Message
To the Members of the California State Senate:

I am returning Senate Bill 972 without my signature.

This bill would require the Franchise Tax Board (FTB) to provide certain information about corporate tax filings to two legislative committees.

This bill is unnecessary, as current law already authorizes the FTB, upon request, to disclose taxpayer data to legislative committees. The committee, its officers and employees are required to maintain the confidentiality of the information provided.

I am not persuaded that enactment of this bill would provide additional value to future policy deliberations.

Sincerely,





Gavin Newsom