SALT Report 1547 – The State Board of Equalization has released its list of the Top 500 sales and use tax delinquencies in California. The Top 500 list, mandated by law since January 2012, consists of delinquencies of $100,000 or more. The delinquencies on this year’s list were accrued during the first quarter of 2012 and total more than $555 million in uncollected taxes.
Beginning July 1, 2012 individuals and businesses on the Delinquent Taxpayer list face additional penalties for non-compliance. According to the BOE, state agencies that issue licenses, such as driver licenses, occupational licenses, certificates, registrations, or permits are now required to suspend, revoke, or refuse to issue a license to anyone whose name is on the Top 500 list. The law also prohibits state agencies from entering into contracts with any business on the list.
The taxpayers identified on the list will be notified 30 days before their information is published. Once a taxpayer’s name is published, the taxpayer may request to be removed from the list after they’ve paid the delinquent tax or they have agreed to make payments under an installment plan.
Tax liabilities under appeal, in litigation, in bankruptcy proceedings, or under an approved offer in compromise are not included on the Top 500 list.
The Board of Equalization is required by law to post this information every quarter. Since the inception of this program, 40 taxpayers with more than $43 million in sales and use tax liabilities have come forward to take care of their debts.
For Further Information: