California - FTB interested parties meetings on defective credit sharing elections and California research credits


On October 1, 2012, the Franchise Tax Board (FTB) held an Interested Parties Meeting (IPM) to discuss and identify defective credit sharing elections for purposes of addressing ways to remedy such deficiencies. At the conclusion of the IPM, it was decided that the FTB would hold a second IPM before drafting any proposed regulatory language. Any written comments are welcome and need to be submitted to the FTB by October 31, 2012.

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