Legislation that I’m sponsoring with Board of Equalization
Member Fiona Ma advanced in the Senate Governance and Finance
Committee today. SB 526 (Fuller) would give the Franchise Tax Board
authority to honor legal divorce agreements regarding payment of
taxes when determining if one spouse can be relieved of a joint tax
If two parties reach a court-approved agreement that they
believe has fairly divided assets and debts, then a tax agency
should respect that agreement. Telling taxpayers that they must go
back to court in order to enforce a divorce agreement is
inefficient government. This must be changed.
Most of the income tax appeals to reach the Board of
Equalization that include a divorce settlement agreement involve
women who believe they were protected from tax liability, but
discover their only recourse to enforce the agreement is to go back
to court or pay the tax.
SB 526 will assist in easing the financial burden of divorced
women who should have no legal obligation to pay the tax, as
stipulated by their divorce agreement.
Here’s what Senate Republican Leader-Elect Jean Fuller had to
“Divorce can be difficult… Read More