City Council

18. RESOLUTION: AUTHORIZATION TO ENTER INTO AGREEMENT WITH THE STATE\nOF CALIFORNIA FRANCHISE TAX BOARD – F2M23-16, R2M23-56\nCalifornia Revenue and Taxation Code (R&TC) Section 19551.1 authorizes the reciprocal\nexchange of limited tax information between a city and FTB. R&TC Section 19551.5\nmandates cities provide city business licensing and tax information to FTB upon request.\nFTB recommends the City adopt a resolution executing the reciprocal agreement between\nFTB and the City of Alhambra. The data exchange helps FTB find businesses who do not\nfile income tax returns, and it helps the City identify unlicensed businesses within the\njurisdiction. There are no costs to either party for the reciprocal agreement; it will assist,\nhowever, with generating more business license revenues.\nRecommended Action: City Council adopt Resolution No. R2M23-56 entitled: A\nResolution of the City Council of the City of Alhambra authorizing the City Manager to\nexecute Agreement with the State of California Franchise Tax Board authorizing the City\nManager to execute a reciprocal agreement with the State of California Franchise Tax\nBoard (FTB) for the exchange of tax data between the FTB and the City specific to City\nbusiness license information for tax administration purposes; and, direct staff to undertake\nthe steps necessary to finalize Council’s action.