1       BEFORE THE CALIFORNIA STATE BOARD OF EQUALIZATION

            2                   5901 GREEN VALLEY CIRCLE

            3                    CULVER CITY, CALIFORNIA

            4   

            5   

            6   

            7                     REPORTER'S TRANSCRIPT

            8                         JUNE 30, 2009

            9   

           10   

           11   

           12    ITEM H TAX PROGRAM NONAPPEARANCE MATTERS - ADJUDICTORY

           13           ITEM H2 FRANCHISE AND INCOME TAX MATTERS

           14             SUB ITEM 1  TAIHEIYO CEMENT USA, INC.

           15                          NO. 332855

           16   

           17                           ---o0o---

           18   

           19   

           20   

           21   

           22                     

           23   Reported by:  Juli Price Jackson 

           24                 No. CSR 5214

           25   

           26   

           27   

           28   




                                                                      1




                                                                       


            1   

            2                         P R E S E N T

            3   

            4   For the Board              Betty T. Yee 
                of Equalization:           Chair
            5   

            6                                   Judy Chu
                                                Vice-Chair
            7        
                                                Bill Leonard 
            8                                   Member
                
            9                                   Michelle Steel
                                                Member
           10   
                                                Marcy Jo Mandel
           11                                   Appearing for John    
                                                Chiang, State Controller
           12                                   (per Government Code  
                                                Section 7.9)
           13   
                                                Diane G. Olson
           14                                   Chief, Board          
                                                Proceedings Division
           15   

           16   

           17                           ---oOo---

           18   

           19   

           20   

           21                 

           22   

           23   

           24   

           25   

           26   

           27   

           28                          




                                                                      2




                                                                       


            1                                   5901 GREEN VALLEY CIRCLE

            2                                   CULVER CITY, CALIFORNIA 

            3                                   JUNE 30, 2009

            4                           ---oOo---

            5            MS. OLSON:  Our next item is H2, Franchise and 

            6   Income Tax Matters - Adjudicatory.

            7            MS. YEE:  Okay.  We have before us item H2, 

            8   Franchise and Income Tax Matters.  We have one sub item  

            9   under this calendar, sub item 1, Taiheiyo Cement, 

           10   Incorporated.  

           11            Is thee a motion?  

           12            DR. CHU:  Move to sustain the Franchise Tax 

           13   Board.

           14            MS. YEE:  Okay, motion by Dr. Chu to sustain 

           15   the Franchise Tax Board.  

           16            Let me second that.  

           17            Discussion?  

           18            MR. LEONARD:  Substitute motion?  

           19            MS. YEE:  Mr. Leonard?  

           20            MR. LEONARD:  Move to grant the petition.

           21            MS. YEE:  Okay, motion by Mr. Leonard to -- 

           22            MS. STEEL:  Second. 

           23            MS. YEE:  -- grant the petition.

           24            Second by Ms. Steel.  

           25            Discussion?  

           26            MR. LEONARD:  I think we deadlocked 2 to 2 when 

           27   we were -- 

           28            MS. YEE:  We did.




                                                                      3




                                                                       


            1            MS. MANDEL:  He's a no.

            2            MS. YEE:  Okay.  Please call the roll.

            3            MS. OLSON:  Ms. Yee?  

            4            MS. YEE:  No.

            5            MS. OLSON:  Mr. Leonard?  

            6            MR. LEONARD:  Aye.  

            7            MS. OLSON:  Ms. Steel?  

            8            MS. STEEL:  Aye.  

            9            MS. OLSON:  Dr. Chu?  

           10            DR. CHU:  No.  

           11            MS. OLSON:  Ms. Mandel?  

           12            MS. MANDEL:  No.

           13            MS. OLSON:  Motion fails.  

           14            MS. YEE:  Okay, back to the main motion.  

           15            Motion by Dr. Chu to sustain the Franchise Tax 

           16   Board, second by Yee.

           17            Please call the roll.

           18            MS. OLSON:  Ms. Yee?  

           19            MS. YEE:  Aye.  

           20            MS. OLSON:  Mr. Leonard?  

           21            MR. LEONARD:  No.

           22            MS. OLSON:  Ms. Steel?  

           23            MS. STEEL:  No.

           24            MS. OLSON:  Dr. Chu?  

           25            DR. CHU:  Aye.

           26            MS. OLSON:  Ms. Mandel?  

           27            MS. MANDEL:  Aye.  

           28            MS. OLSON:  Motion carries.




                                                                      4




                                                                       


            1                    REPORTER'S CERTIFICATE

            2   

            3   State of California    )

            4                          )  ss

            5   County of Sacramento   )

            6   

            7            I, JULI PRICE JACKSON Hearing Reporter for the 

            8   California State Board of Equalization certify that on 

            9   JUNE 30, 2009 I recorded verbatim, in shorthand, to the 

           10   best of my ability, the proceedings in the 

           11   above-entitled hearing; that I transcribed the shorthand 

           12   writing into typewriting; and that the preceding pages 1 

           13   through 4 constitute a complete and accurate 

           14   transcription of the shorthand writing.

           15   

           16   Dated:  July 20, 2009

           17   

           18   

           19                          ____________________________

           20                          JULI PRICE JACKSON

           21                          Hearing Reporter

           22                             

           23                             

           24                               

           25            

           26            

           27            

           28            




                                                                      5