California: Didn't Pay Your Taxes? You May be Out of Business
- Dec 26, 2012 | Gail Cole
If you fail to pay your state taxes in California, you may find yourself out of business.
Under Assembly Bill 1424, the state has the power to "suspend, revoke, and refuse to issue a license if the licensee's name is included on either [the State Board of Equalization's or the Franchise Tax Board's] list of the 500 largest tax delinquencies… ." No license, no business.
Proposed changes to AB 1424 would ensure compliance with state and federal information privacy laws.
Read the full notice in the California Regulatory Notice Register, Title 10.