Corporation Tax Law: tax-exempt organizations: revocation of tax-exempt status.
Chaptered by Secretary of State - Chapter 921, Statutes of 2026.
Summary
The bill amends the Corporation Tax Law so the Franchise Tax Board (FTB) can choose to maintain a nonprofit’s state income‑tax exemption when the IRS suspends or revokes its federal exemption, provided the suspension isn’t due to fraud, fund misuse, filing failures, or other major governance breaches. It affects all California‑registered charities that rely on IRS 501(c) status and clarifies the FTB’s discretion, notification, and reinstatement procedures.
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