FROM:
Finance
SUBJECT:
Title
Authorization to Share Data with California Franchise Tax Board
End
RECOMMENDATION:
Recommendation
Adopt Resolution No. 2024-116 of the City Council of the City of Fontana authorizing the City Manager to execute an agreement between the City of Fontana and the State of California Franchise Tax Board in the Local Government Sharing Program.
End
COUNCIL GOALS:
• To operate in a businesslike manner by improving services through the effective use of technology.
DISCUSSION:
The City Business Tax Program assists both cities and the State by finding revenue that may otherwise go undetected. Many cities have implemented this program and discovered uncollected revenue through the use of Franchise Tax Board (FTB) data.
This agreement will allow the FTB and the City of Fontana to exchange data at no cost to either party. This data exchange can aid in identifying businesses and self-employed individuals that have an unmet local or state filing requirement.
FISCAL IMPACT:
There is no cost to participate in this program, only a non-financial agreement to provide data. This action may potentially increase business license revenue.
MOTION:
Approve staff recommendation.