BILL NUMBER: SB 920	CHAPTERED  10/13/07

	CHAPTER  666
	FILED WITH SECRETARY OF STATE  OCTOBER 13, 2007
	APPROVED BY GOVERNOR  OCTOBER 13, 2007
	PASSED THE SENATE  SEPTEMBER 5, 2007
	PASSED THE ASSEMBLY  SEPTEMBER 4, 2007
	AMENDED IN ASSEMBLY  AUGUST 20, 2007
	AMENDED IN SENATE  MAY 1, 2007
	AMENDED IN SENATE  APRIL 11, 2007

INTRODUCED BY   Senator Oropeza

                        FEBRUARY 23, 2007

   An act to amend Section 19554 of the Revenue and Taxation Code,
relating to tax administration.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 920, Oropeza. Taxpayer information: disclosure: unclaimed
property.
   Existing law limits the information that the Franchise Tax Board
may provide to the Controller for purposes of assisting the
Controller's office in locating owners of unclaimed property, as
specified, and prohibits the Controller or any officer, employee, or
agent, as provided, from disclosing or using that information for any
purpose except for the purpose of locating owners of unclaimed
property.
   This bill would authorize the Franchise Tax Board to provide the
Controller, on an annual basis, with certain specified information
about taxpayers from business entity income tax returns and other
business entity records maintained by the Franchise Tax Board.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 19554 of the Revenue and Taxation Code is
amended to read:
   19554.  (a) Subject to the limitations of this section and federal
law, the Franchise Tax Board may provide the Controller with the
address or other identification or location information from income
tax returns or other records which is necessary for the Controller to
locate owners of unclaimed property pursuant to Title 10 (commencing
with Section 1300) of Part 3 of the Code of Civil Procedure.
   (b) Subject to the limitations of this section and Section 6103(d)
of the Internal Revenue Code, the Franchise Tax Board may provide
the Controller, on an annual basis, with the following information
from business entity income tax returns or other business entity
records maintained by the Franchise Tax Board:
   (1) The taxpayer's name.
   (2) The taxpayer's identification number.
   (3) The taxpayer's address.
   (4) The taxpayer's principal business activity code.
   (c) (1) The information provided to the Controller under this
section is subject to Section 19542.
   (2) Neither the Controller nor any officer, employee, or agent, or
former officer, employee, or agent of the Controller may disclose or
use any information obtained from the Franchise Tax Board pursuant
to this section except for the purpose of locating owners of
unclaimed property as provided in subdivision (a), or for the purpose
of determining compliance with the Unclaimed Property Law (Title 10
(commencing with Section 1300) of Part 3 of the Code of Civil
Procedure), as provided in subdivision (b).