- CDTFA adopted Emergency Regulation 1808 on April 1, 2025
- Regulation clarifies reporting and penalty requirements under RTC section 7213
- Aims to ensure transparency in local tax revenue sharing agreements
- Addresses ambiguities and defines key terms
- Local agencies must report tax revenue sharing agreements by April 30 annually
- Agencies must publish agreement details on their website by April 30
- CDTFA will publish statewide summary data by June 1 annually
- Penalties for non-compliance include fines of $1,000 per day for the first 180 days and $4,000 per day thereafter
- Agencies can request a 30-day extension for good cause
- Regulation defines terms and clarifies indirect tax rebates
- Excludes certain agreements from reporting requirements
- Enhances transparency and accountability without imposing reimbursable mandates
- Estimated one-time cost of $484 for website updates
- Regulation effective for two years with potential for readoption
Source: thompsontax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
