1                 BEFORE THE CALIFORNIA STATE BOARD OF EQUALIZATION

            2                         450 N STREET

            3                    SACRAMENTO, CALIFORNIA

            4   

            5   

            6   

            7                     REPORTER'S TRANSCRIPT

            8                         MAY 25, 2011

            9               TAX PROGRAM NONAPPEARANCE MATTERS

           10                            CONSENT

           11           ITEM G2 FRANCHISE AND INCOME TAX MATTERS

           12   

           13   

           14   

           15   

           16   

           17   

           18   

           19   

           20   

           21                     Reported by:  Juli Price Jackson 

           22                                   No. CSR 5214

           23   

           24   

           25   

           26   

           27   

           28   




                                                                      1




                                                                       


            1                         P R E S E N T

            2   

            3   For the Board                       Jerome E. Horton
                of Equalization:                    Chairman
            4   
                                                    
            5                                       Michelle Steel
                                                    Vice-Chairwoman
            6        
                
            7                                       Betty T. Yee 
                                                    Member
            8   
                                                    
            9                                       George Runner
                                                    Member
           10   
                                                    
           11                                       Marcy Jo Mandel
                                                    Appearing for John 
           12                                       Chiang, State     
                                                    Controller (per   
           13                                       Government Code   
                                                    Section 7.9)
           14   
                                                    
           15                                       Diane G. Olson
                                                    Chief, Board  
           16                                       Proceedings Division
                
           17   

           18   

           19                           ---oOo---

           20   

           21   

           22   

           23                 

           24   

           25   

           26   

           27   

           28   




                                                                      2




                                                                       


            1                                   450 N STREET

            2                                   SACRAMENTO, CALIFORNIA 

            3                                   MAY 25, 2011

            4                           ---oOo---

            5            MR. HORTON:  Ms. Olson?  

            6            MS. OLSON:  Our next item is G2, Franchise and 

            7   Income Tax Matters.  These items may be taken in one 

            8   vote.

            9            MR. HORTON:  Any noted nonparticipation, 

           10   Members?  

           11            Any items you'd like to pull?

           12            Hearing none -- 

           13            MS. YEE:  Move the calendar.  

           14            MR. HORTON:  Moved by Ms. Yee, second by 

           15   Ms. Steel.  

           16            Without objection, such will be the order.

           17                           ---o0o---

           18            

           19            

           20            

           21            

           22            

           23            

           24            

           25            

           26            

           27            

           28            





                                                                      3




                                                                       


            1            .  

            2                    REPORTER'S CERTIFICATE

            3   

            4   State of California    )

            5                          )  ss

            6   County of Sacramento   )

            7   

            8            I, JULI PRICE JACKSON, Hearing Reporter for the 

            9   California State Board of Equalization certify that on 

           10   MAY 25, 2011 I recorded verbatim, in shorthand, to the 

           11   best of my ability, the proceedings in the 

           12   above-entitled hearing; that I transcribed the shorthand 

           13   writing into typewriting; and that the preceding pages 1 

           14   through 3 constitute a complete and accurate 

           15   transcription of the shorthand writing.

           16   

           17   Dated:  JULY 25, 2011

           18   

           19   

           20                          ____________________________

           21                          JULI PRICE JACKSON

           22                          Hearing Reporter

           23                             

           24                             

           25                               

           26            

           27            

           28            




                                                                      4