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The California Franchise Tax Board ( FTB) administers and collects state personal income tax and corporate franchise and income tax of California. It is part of the California Government Operations Agency . The board is composed of the California State Controller, the director of the California Department of Finance, and the chair of the ...
The department is one of the State of California's three primary state taxing agencies, collecting over 70 billion dollars annually in revenue for the State. [1] The other two are the Employment Development Department and the Franchise Tax Board. [2]
Her more than $100,000/year income means she needs to pay 9.3% in taxes, according to the 2023 State of California Franchise Tax Board. Millionaires are required to pay even more money to the state.
The Government Operations Agency ( CalGovOps) is the California government agency responsible for administering state operations including procurement, real estate, information technology, and human resources. [2] Amy Tong was appointed Secretary of Government Operations by Governor Gavin Newsom in March of 2022. Previously, the role was held by Secretary Yolanda Richardson and Secretary ...
However, the state is still processing and mailing outstanding payments, per the California Franchise Tax Board, since some cases needed extra review.
A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state.
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