Source: Bloomberg Tax
California voters could decide next year whether to abolish the State Board of Equalization, seven years after lawmakers stripped the elected tax board of most duties following a string of controversies.
The five-member board, created in 1879, would cease to exist in 2026 if lawmakers and voters approve a freshly re-introduced constitutional amendment (A.C.A. 11). Lawmakers then would enact separate legislation to assign the board’s constitutional responsibilities for property, alcohol, and insurance taxes to other state tax agencies, bill author Assemblyman Phil Ting (D) said.