California Legislature Passes Sweeping BOE Tax Reform
Sacramento – California State Board of Equalization (BOE) Member Fiona Ma, CPA issued the following statement on the passage of AB 102, the Taxpayer Transparency and Fairness Act of 2017:
"The Legislature took decisive action today by passing AB 102. For the past two years, I have been a leading figure calling for meaningful transparency, checks and balances, and other needed major organizational and structural reforms at the State Board of Equalization. As Chairwoman last year I called for three external audits, which are still forthcoming.
"This agency should serve the public rather than serve the next person up the hierarchy ladder. The BOE is currently like a dysfunctional family. It needs a strong and clear leader who will assume fiscal accountability and ensure everyone plays by the same rules of good government. The new appeals process should save valuable time and resources – it's not acceptable taxpayers are waiting 10 years to have their appeals heard. Our employees and California taxpayers will be better served under the direct control and responsibility of the Governor and I look forward to assisting in the transition."
Board Member Fiona Ma, CPA, was elected to the Board of Equalization in November 2014, to represent the Second Equalization District. She represents 9.5 million residents in many of California's coastal counties, from Del Norte to Santa Barbara, including the entire San Francisco Bay Area. Ms. Ma served in the California State Assembly from 2006 to 2012, serving as the first Asian woman Assembly Speaker pro Tempore since 1850. While in the Assembly, Ms. Ma focused on improving California, authoring legislation to create jobs and grow the state's economy. As an Executive Board Member of the National Conference of State Legislators, she worked to keep California's economy competitive with other states. Ms. Ma has been a Certified Public Accountant (CPA) in California since 1992. For more information, visit Board Member Ma's website.
The five-member California State Board of Equalization (BOE) is a publicly elected tax board. The BOE collects $60.5 billion annually in taxes and fees supporting state and local government services. It hears business tax appeals, acts as the appellate body for franchise and personal income tax appeals, and serves a significant role in the assessment and administration of property taxes. For more information on other taxes and fees in California, visit the California Tax Service Center.
Note: This news release may discuss complex tax laws and concepts. It may not address every situation, and is not considered written advice under Revenue and Taxation Code section 6596. Changes in law or regulations may have occurred since the time this news release was written. If there is a conflict between the text of this news release and the law, decisions will be based upon the law and not this news release. For specific help, please contact the BOE at 1-800-400-7115.