AB 2238: Franchise Tax Board: membership.

Existing law establishes, in the Government Operations Agency, the Franchise Tax Board consisting of the Controller, the Director of Finance, and the Chairperson of the State Board of Equalization. Existing law prescribes various powers and duties to the Franchise Tax Board, including, among other things, the administration of state personal income taxes and corporation franchise and income taxes.

This bill, beginning July 1, 2025, would add the Lieutenant Governor and the Treasurer as members of the Franchise Tax Board. The bill would also require the Controller to serve as the chair of the board.