California Revenue and Taxation Code

§ 19266

RTC § 19266 Effective Jan 1, 2014Div. 2 · Part 10.2 · Ch. 5 · Art. 4

Statute text

(a)(1) The Franchise Tax Board, in coordination with financial institutions doing business in this state, shall operate a Financial Institution Record Match System utilizing automated data exchanges to the maximum extent feasible.

(2)The Franchise Tax Board shall prescribe any rules and regulations that may be necessary or appropriate to implement this section. These rules and regulations shall include all of the following:

(A)A structure by which financial institutions, or their designated data-processing agents, shall receive from the Franchise Tax Board the file or files of delinquent debtors that the institution shall match with its own list of accountholders to identify delinquent tax debtor accountholders at the institution.

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Legislative history

Amended by Stats. 2013, Ch. 200, Sec. 1. (AB 1411) Effective January 1, 2014.