SB 1015: new legislation SB 1015.

• Position: FTB - Brief article

Senate Bill 1015 became law June 27 and contained three significant provisions. First, it acknowledges that the doctrine of election, as addressed in a 1938 Supreme Court case, Pacific National Co. v. Welch, applies to elections that affect the computation of California income and franchise tax, unless otherwise provided, and repeals the provisions of the Multistate Tax Compact. Next, the law allows the FTB to use Earnings Withholding Orders for Taxes (EWOT) for the entire 20-year collection statute of limitations without having to record a Notice of State Tax Lien. Finally, this law requires the Employment Development Department and the Board of Equalization to participate in the Financial Institutions Record Match (FIRM) program. SB 105:

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* Changed the Law so that the FTB can issue an EWOT at any time during the 20-year collection SOL without recording a Notice of State Tax Lien.

* Authorizes the...