Title
Auditor-Controller recommending the Board adopt and authorize the Chair to sign Resolution 120-2016 authorizing the transfer of $12,981.75 in expired unclaimed property tax refunds to the county general fund in accordance with Revenue and Taxation Code §5102.
Body
DEPARTMENT RECOMMENDATION
The Auditor-Controller recommends the Board adopt the attached Resolution 120-2016 authorizing the transfer of $12,981.75 in expired unclaimed property tax refunds to the county general fund in accordance with Revenue and Taxation Code (RTC) §5102.
DISCUSSION / BACKGROUND
RTC §5102 et seq. permits the Board to order the transfer of expired 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.
RTC §5097(a)(2) generally requires taxpayers to file a claim for refund within four years after making the payment to be refunded. Following the expiration of the claim, RTC §5102 allows for expired unclaimed refunds to be transferred to the county general fund on order of the board of supervisors. As of 6/30/16, all expired unclaimed refunds on the attached list have exceeded the time limits established by RTC §5097 (a)(2).
ALTERNATIVES
NA
OTHER DEPARTMENT / AGENCY INVOLVEMENT
NA
CAO RECOMMENDATION
Chief Administrative Office concurs with the recommendation.
FINANCIAL IMPACT
There is no fiscal impact.
CLERK OF THE BOARD FOLLOW UP ACTIONS
Board Clerk will forward one fully executed Resolution to the Auditor-Controller’s Office.
The Auditor-Controller will process journal entries to accomplish the transfer of expired unclaimed property tax refunds to the county general fund.
STRATEGIC PLAN COMPONENT
CONTACT
Joe Harn