Dateline Sacramento – A bill offering increased tax relief after a disaster — sponsored by Board of Equalization member George Runner and his colleagues — cleared the Legislature this morning 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 Mr. 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 Board to provide a one-month extension for tax payments and relieve any late payment penalties. AB 1559 extends that period 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,” said Chairwoman Fiona Ma. “As residents put their businesses and lives back together, I want them to know we are here to help.”
AB 1559 heads for Gov. Brown’s desk. He has until Sept. 30 to sign or veto the bill. As an urgency measure, the bill would take effect immediately.
Mr. Runner may be contacted at www.boe.ca.gov/Runner.
