California – New Legislation creates “Revenue Recovery and Collaborative Enforcement Team (RRACE)”

SALT Report 3120 – California recently enacted Legislation which creates a “Revenue Recovery and Collaborative Enforcement Team (RRACE)” to help fight against criminal tax evasion.  The partnership combines the California State Board of Equalization (BOE), Franchise Tax Board (FTB), Employment Development Department (EDD), and the Department of Justice (DOJ) to target sales, income and employment tax evasion.

The effective date of this legislation is January 1, 2014.

For Further Information:

California BOE News Release 104-13-G – “New Law Will Help Fight Criminal Tax Evasion”