California AB1519 limits the Franchise Tax Board's ability to collect tax liabilities after 20 years.

California AB1519 amends the Revenue and Taxation Code to limit the Franchise Tax Board's ability to collect tax liabilities after 20 years from the date they become due and payable. Exceptions include liabilities resulting from penalties, interest, penalties, costs, or fees, and those collected under specific articles or chapters. The collection period may be extended if a claim is filed in a probate action or if collection is postponed by law. This change applies to liabilities due and payable on or after July 1, 2006.

California AB1519 limits the Franchise Tax Board's ability to collect tax liabilities after 20 years.

California AB1519 amends the Revenue and Taxation Code to limit the Franchise Tax Board's ability to collect tax liabilities after 20 years from the date they become due and payable. Exceptions include liabilities resulting from penalties, interest, penalties, costs, or fees, and those collected under specific articles or chapters. The collection period may be extended if a claim is filed in a probate action or if collection is postponed by law. This change applies to liabilities due and payable on or after July 1, 2006.