Midway through 2024, and without any notice, the California Franchise Tax Board (FTB) pulled all Technical Advice Memorandums from its website. Overnight, decades of responses by the FTB’s Legal Division to FTB staff requests regarding the interpretation of existing tax law or the application of existing tax law to a specific set of facts literally disappeared.
In this installment of “A Pinch of SALT” published in Tax Notes State, Eversheds Sutherland Partners Tim Gustafson and Jeff Friedman discuss this disappearance and raise questions about the future of the FTB’s informal administrative guidance.