California Franchise Tax Board Posts Organizations Exempt List For Public

October 20, 2010 Posted by The Law Firm for Non-Profits, P.C. in Taxes

At long last, the Franchise Tax Board has posted its list of organizations that are exempt from California franchise (i.e., corporate) tax. The list has been posted at

The primary purpose of the new FTB list is to allow the public to verify an organization’s exempt status. It also provides an organization the ability to confirm that the FTB’s information is accurate and otherwise up-to-date. Indeed, it is expected that there will be some discrepancies.

We recommend that every organization exempt in California check the list. Now is an ideal time to make sure that the FTB has accurate information about your organization. The ramifications of the FTB having inaccurate information regarding your non-profit can include tax penalties and loss of state exemption. If you discover an inaccuracy, contact your organization’s attorney or accountant to get have the information rectified.

The list will be updated monthly.

NOTE: The information contained herein is not intended to be legal advice and the reader should know that no Attorney-Client relationship or privilege is formed by the posting or reading of this article which is also not intended to solicit business.

Casey Summar, Partner, The Law Firm for Non-Profits, 4705 Laurel Canyon Blvd, #306, Studio City, CA 91607

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