Income/Franchise:
California Franchise Tax Board Adopts Rule Changes on Alternative Apportionment Petitions
Amended California Code of Regulations, Title 18, Section 25137, Cal. FTB (11/3/23). The California Franchise Tax Board (FTB) filed final amendments with the California Secretary of State to its rule on alternative apportionment method petition procedures (i.e., Regulation 25137) that took effect on November 3, 2023. The amendments generally are intended to provide clearer rules, conditions, and deadlines for filing such petitions with the FTB; clarify the briefing process and specify procedures related to hearings on such petitions; and address application of “ex parte communications” to help streamline the petition process and support consistent application of procedures. Please contact us with any related questions.
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