1 BEFORE THE CALIFORNIA STATE BOARD OF EQUALIZATION 2 450 N STREET 3 SACRAMENTO, CALIFORNIA 4 5 6 7 8 REPORTER'S TRANSCRIPT 9 OCTOBER 27, 2015 10 11 12 13 14 15 FINAL ACTIONS 16 17 18 19 20 21 22 23 24 25 26 27 REPORTED BY: Kathleen Skidgel 28 CSR NO. 9039 1 1 P R E S E N T 2 3 For the Board Jerome E. Horton of Equalization: Chairman 4 5 Sen. George Runner (Ret.) Vice Chairman 6 7 Fiona Ma, CPA Member 8 9 Diane L. Harkey Member 10 11 Yvette Stowers Appearing for Betty T. 12 Yee, State Controller (per Government Code 13 Section 7.9) 14 Joann Richmond 15 Chief Board Proceedings 16 Division 17 For Staff: Anthony Epolite 18 Tax Counsel IV Legal Department 19 20 ---oOo--- 21 22 23 24 25 26 27 28 2 1 450 N STREET 2 SACRAMENTO, CALIFORNIA 3 OCTOBER 27, 2015 4 ---oOo--- 5 MR. HORTON: Ms. Richmond. 6 MS. RICHMOND: That concludes our 7 administrative session. 8 Next are those items that were taken under 9 submission. 10 Our first item is B2 Patrick T. Elwood 11 and -- 12 MR. HORTON: I'm sorry, Ms. Richmond. A 13 little louder, please? 14 MS. RICHMOND: Next are those items that 15 were taken under submission. 16 Our first item is B2 Patrick T. Elwood and 17 Denise A. Elwood. 18 ---oOo--- 19 ITEM B2 20 PATRICK T. ELWOOD and DENISE A. ELWOOD 21 NO. 856517 22 ---oOo--- 23 MS. HARKEY: I'd like to make a motion to 24 grant the petition. 25 MR. HORTON: Member Harkey moves to grant 26 the petition. 27 MR. RUNNER: Second. 28 MR. HORTON: Second by Member Runner. 3 1 MS. STOWERS: Objection. 2 MR. HORTON: Objection noted. 3 Ms. Richmond, please call the roll. 4 MS. RICHMOND: Mr. Horton. 5 MR. HORTON: No. 6 MS. RICHMOND: Ms. Harkey. 7 MS. HARKEY: Aye. 8 MS. RICHMOND: Mr. Runner. 9 MR. RUNNER: Aye. 10 MS. RICHMOND: Ms. Ma. 11 MS. MA: No. 12 MS. RICHMOND: Ms. Stowers. 13 MS. STOWERS: No. 14 MS. RICHMOND: That motion fails. 15 MS. STOWERS: Move to sustain the Franchise 16 Tax Board. 17 MS. MA: Second. 18 MR. HORTON: Member Stowers moves to 19 sustain Franchise Tax Board, second by Member Ma. 20 Objection? Without -- 21 Objection noted. 22 Ms. Richmond, please call the roll. 23 MS. RICHMOND: Mr. Horton. 24 MR. HORTON: Yes. 25 MS. RICHMOND: Ms. Harkey. 26 MS. HARKEY: No. 27 MS. RICHMOND: Mr. Runner. 28 MR. RUNNER: Aye. 4 1 MS. RICHMOND: Ms. Ma. 2 MS. MA: Aye. 3 MS. RICHMOND: Ms. Stowers. 4 MS. STOWERS: Yes. 5 MS. RICHMOND: That motion carries. 6 ---oOo--- 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 5 1 MS. RICHMOND: Our next item is C4 Valeriy 2 Popov and C5 Nikolay Lomov. 3 ---oOo--- 4 ITEM C4 5 VALERIY POPOV 6 NO. 790387 (UT) 7 ---oOo--- 8 ITEM C5 9 NIKOLAY LOMOV 10 NO. 781912 (UT) 11 ---oOo--- 12 MR. HORTON: Discussion, Members? 13 MR. RUNNER: Yeah, I would move in favor of 14 the taxpayer. 15 MR. HORTON: Member Runner moves in favor 16 of the taxpayer. 17 MS. HARKEY: I'll second. 18 MR. HORTON: Second by Member -- I'm just 19 reading; my apologies -- Member Harkey. 20 MS. HARKEY: And that's on C4 and C5? 21 MR. HORTON: C4 -- 22 MR. RUNNER: I'm sorry. Yes, that would be 23 on both of those. 24 MR. HORTON: So Member Runner moves to 25 grant the petition. 26 MR. RUNNER: Grant the petition, yes. 27 MR. HORTON: Second by Member Harkey, to 28 grant the petition. 6 1 Objection noted. 2 Ms. Richmond, please call the roll. 3 MS. RICHMOND: Mr. Horton. 4 MR. HORTON: No. 5 MS. RICHMOND: Ms. Harkey. 6 MS. HARKEY: Aye. 7 MS. RICHMOND: Mr. Runner. 8 MR. RUNNER: Aye. 9 MS. RICHMOND: Ms. Ma. 10 MS. MA: Aye. 11 MS. RICHMOND: Ms. Stowers. 12 MS. STOWERS: No. 13 MS. RICHMOND: Motion carries. 14 MR. HORTON: Thank you. 15 Ms. Richmond. 16 MS. RICHMOND: That concludes our business 17 for today. 18 ---oOo--- 19 20 21 22 23 24 25 26 27 28 7 1 REPORTER'S CERTIFICATE 2 3 State of California ) 4 ) ss 5 County of Sacramento ) 6 7 I, KATHLEEN SKIDGEL, Hearing Reporter for 8 the California State Board of Equalization certify 9 that on October 27, 2015 I recorded verbatim, in 10 shorthand, to the best of my ability, the 11 proceedings in the above-entitled hearing; that I 12 transcribed the shorthand writing into typewriting; 13 and that the preceding pages 1 through 7 constitute 14 a complete and accurate transcription of the 15 shorthand writing. 16 17 Dated: October 30, 2015 18 19 20 ____________________________ 21 KATHLEEN SKIDGEL 22 Hearing Reporter 23 24 25 26 27 28 8