California's SBE Voids Part of FTB MIC Regulations

Micheli, Chris; Herbert, Michael D.; Vesely, Jeffrey M.
January 2003
Journal of State Taxation;Winter2003, Vol. 21 Issue 3, p100
Academic Journal
Discusses the action of California's State Board of Equalization (SBE) in voiding a part of the Franchise Tax Board (FTB) manufacturer's investment credit (MIC) regulation. SBE's denial of the FTB's rehearing petition; Analysis of the MIC Statute and the FTB regulations; Recognition of the effort of the FTB in attempting to adopt regulations interpreting the MIC statute.


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