California AB1519 modifies tax collection rules for uncollectible liabilities and extends collection periods under certain conditions.

California AB1519 amends the Revenue and Taxation Code to terminate collection efforts for uncollectible tax liabilities after 20 years. It prohibits the Franchise Tax Board from taking further action to collect these amounts. If any collection attempts occur after this period, the collected amounts are considered overpayments and subject to refund. The collection period is extended if a civil action is filed or a claim is made in a probate action. The bill also suspends the collection period during bankruptcy proceedings and other legally defined postponements.

California AB1519 modifies tax collection rules for uncollectible liabilities and extends collection periods under certain conditions.

California AB1519 amends the Revenue and Taxation Code to terminate collection efforts for uncollectible tax liabilities after 20 years. It prohibits the Franchise Tax Board from taking further action to collect these amounts. If any collection attempts occur after this period, the collected amounts are considered overpayments and subject to refund. The collection period is extended if a civil action is filed or a claim is made in a probate action. The bill also suspends the collection period during bankruptcy proceedings and other legally defined postponements.