California SB999 mandates annual reporting by the Franchise Tax Board on penalty payments and exemptions.

California SB999 requires the Franchise Tax Board to submit an annual report to the Legislature detailing information on penalty payments and exemptions. The report includes data on the number of households paying penalties, categorized by county and federal poverty level, and the total penalty amounts imposed. It also covers the number of exemptions applied and the most common qualifications for these exemptions. The report must be submitted by April 1 each year, starting from March 1, 2022.

California SB999 mandates annual reporting by the Franchise Tax Board on penalty payments and exemptions.

California SB999 requires the Franchise Tax Board to submit an annual report to the Legislature detailing information on penalty payments and exemptions. The report includes data on the number of households paying penalties, categorized by county and federal poverty level, and the total penalty amounts imposed. It also covers the number of exemptions applied and the most common qualifications for these exemptions. The report must be submitted by April 1 each year, starting from March 1, 2022.