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ARTICLE · 27 JULY 2013

California Quarterly Update (July 2013)

Welcome to the first edition of a series of quarterly updates from Reed Smith on California state tax developments. Every quarter, we will bring you legal updates and provide some insight on what taxpayers are facing in audits, administrative appeals, and litigation involving the Franchise Tax Board and the State Board of Equalization.

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Welcome to the first edition of a series of quarterly updates from Reed Smith on California state tax developments. Every quarter, we will bring you legal updates and provide some insight on what taxpayers are facing in audits, administrative appeals, and litigation involving the Franchise Tax Board and the State Board of Equalization. We will also provide you updates on our California team, highlighting our members, and letting you know where to find us.

California legislature terminates Enterprise Zone program and replaces it with a new three-part program

Governor Jerry Brown signed into law AB 93, which eliminates the current Enterprise Zone program and replaces it with a new, three-pronged incentive program.

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