Title
Auditor-Controller recommending adoption of Resolution 305-2008 establishing the transfer of $12,476.64 in unclaimed property tax refunds to the County General Fund in acccordance with Revenue and Taxation Code Section 5102.
RECOMMENDED ACTION: Appove.
Body
BUDGET SUMMARY: |
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Total Estimated Cost |
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$ |
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Funding |
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Budgeted |
$ |
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New Funding |
$ |
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Savings |
$ |
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Other |
$ |
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Total Funding Available |
$ |
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Change To Net County Cost |
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$ |
Fiscal Impact/Change to Net County Cost: None
Background:
Reason for Recommendation: Revenue and Taxation Code section 5102 permits the Board to order the transfer of unclaimed property tax refunds made under the provision of Revenue and Taxation Code Division 1, Part 9, Chapter 5, Article 1. No alternate procedure exists.
Section 5097(a)(2) generally requires the taxpayers to file a claim for refund within four years after making the payment to be refunded. All unclaimed refunds on the attached list have exceeded the time limits established by section 5097(a)(2).
Action to be taken following Board approval: Auditor/Controller will process journal entries to accomplish the transfer of unclaimed property tax refunds to the county general fund.
Contact: Joe Harn
Concurrences: