SACRAMENTO – Legislation sponsored by Board of Equalization Member George Runner and fellow BOE members cleared the Legislature Thursday when the State Assembly voted unanimously to approve AB 1559.
Authored by Assemblyman Bill Dodd, AB 1559 gives the Board of Equalization authority to extend emergency tax relief by up to three months in the event of a disaster.
"The last thing people need to worry about during a tragedy is taxes," said BOE Member Runner. "This bill will provide much-needed relief to those who have been affected by the recent fires and other emergencies."
Current law allows the BOE to provide a one-month extension for tax payments, and relieve any late payment penalties.
AB 1559 extends that period to up to three months, provided the taxpayer files a request for relief before or within the allotted time frame.
"This bill is good news for taxpayers, especially during this disastrous time. As residents continue to put their businesses and lives back together after these fires, I want them to know the BOE is here to help," said Chairwoman Fiona Ma. "During this terrible ordeal, BOE is doing everything we can to provide information about tax and fee relief to those affected by these fires."
AB 1559 now heads to the governor's desk.
The governor has until Sept. 30 to sign or veto the bill. As an urgency measure, the bill would take effect immediately.
Legislature votes to extend emergency tax relief
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