California Revenue and Taxation Code

§ 18631.7

RTC § 18631.7 Effective Oct 1, 2025Div. 2 · Part 10.2 · Ch. 2 · Art. 4

Statute text

(a)Any check casher engaged in the trade or business of cashing checks that, in the course of that trade or business, cashes checks other than one-party checks, payroll checks, or government checks totaling more than ten thousand dollars ($10,000) in one transaction or two or more transactions for the same person within the calendar year, shall file an informational return with the Franchise Tax Board with respect to that transaction or transactions.

(b)The return required in subdivision (a) shall be filed no later than 90 days after the end of the calendar year and in the form and manner prescribed by the Franchise Tax Board, and shall, at a minimum, contain both of the following:

(1)The name, address, taxpayer identification number, and any other identifying information of the person presenting the check that the Franchise Tax Board deems necessary.

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Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 65. (SB 711) Effective October 1, 2025.