State’s Top 500 Tax Delinquencies Total $394 Million
California Franchise Tax Board | October 06, 2016
Sacramento - The Franchise Tax Board (FTB) today published its newest Top 500 Delinquent Taxpayers list, which includes individuals and businesses that collectively owe the state more than $394 million in income tax. In August, FTB sent letters to taxpayers scheduled to appear on the list. Of these taxpayers, 96 made arrangements to pay their tax debt. Another 296 individuals and 108 businesses did not pay, resulting in their inclusion on the list. The Top 500 list is published in April and in October. Since the list’s inception in 2007, FTB has collected more than $582 million through the program