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AB 2666 - Establishing Public Database of Companies and Their Tax Expenditures in the State - California Key Vote

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Title: Establishing Public Database of Companies and Their Tax Expenditures in the State

Vetoed by Governor Arnold Schwarzenegger


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Title: Establishing Public Database of Companies and Their Tax Credits in the State

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that establishes a searchable online database that includes the names of publicly traded companies and the amount of tax credits such companies claim in California.

Highlights:

  • Requires the Franchise Tax Board to compile information on tax credits claimed by publicly traded companies annually beginning on or after January 1, 2010 (Sec. 1).
  • Requires the Franchise Tax Board to submit such tax credit information to the State Chief Information Officer beginning on June 30, 2013 and annually by June 30 thereafter (Sec. 1).
  • Requires the State Chief Information Officer to develop a database on the Reporting Transparency in Government website that shall be searchable by company name and amount of tax credits claimed (Sec. 1).

Full Bill Text

See How Your Politicians Voted

Title: Establishing Public Database of Companies and Their Tax Credits in the State

Vote Smart's Synopsis:

Vote to pass a bill that establishes a searchable online database that includes the names of publicly traded companies and the amount of tax credits such companies claim in California.

Highlights:

  • Requires the Franchise Tax Board to compile information on tax credits claimed by publicly traded companies annually beginning on or after January 1, 2010 (Sec. 1).
  • Requires the Franchise Tax Board to submit such tax credit information to the State Chief Information Officer beginning on June 30, 2013 and annually by June 30 thereafter (Sec. 1).
  • Requires the State Chief Information Officer to develop a database on the Reporting Transparency in Government website that shall be searchable by company name and amount of tax credits claimed (Sec. 1).

Full Bill Text

Title: Establishing Public Database of Companies and Their Tax Credits in the State

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