1 BEFORE THE CALIFORNIA STATE BOARD OF EQUALIZATION 2 450 N STREET 3 SACRAMENTO, CALIFORNIA 4 5 6 7 REPORTER'S TRANSCRIPT 8 DECEMBER 14, 2011 9 10 TAX PROGRAM NONAPPEARANCE MATTERS 11 ADJUDICATORY 12 ITEM H2 13 FRANCHISE AND INCOME TAX MATTERS 14 15 16 17 18 19 20 21 22 Reported by: Juli Price Jackson 23 No. CSR 5214 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 John Chiang State Controller 10 11 Diane G. Olson Chief, Board 12 Proceedings Division 13 14 15 ---oOo--- 16 17 18 19 20 21 22 23 24 25 26 27 28 2 1 450 N STREET 2 SACRAMENTO, CALIFORNIA 3 DECEMBER 14, 2011 4 ---O0O--- 5 MS. OLSON: Our next item, our next calendar is 6 H2. These matters can be taken separately or in one 7 vote. 8 MR. CHIANG: Move approval for the calendar. 9 MR. HORTON: Move approval for the calendar, 10 Member Chiang. 11 MS. YEE: Second. 12 MR. HORTON: Second by Member Yee. 13 Without objection, such will be the order. 14 MS. OLSON: Our next item will be H5, Sales and 15 Use Tax matters. 16 MS. STEEL: Hold on, you guys moving way too 17 fast. 18 MR. CHIANG: Sorry about that. 19 MR. HORTON: Ms. Olson, next matter? 20 MS. OLSON: Our next matter is H5. 21 MS. STEEL: I want to go back to H1, sub item 22 1. 23 MR. HORTON: Okay. 24 MS. STEEL: I just do objection. 25 MR. HORTON: Members, let's rescind the 26 previous motion and vote. 27 MS. OLSON: For H1.1, Paul Glasson, it's been 28 pulled. 3 1 MS. STEEL: H2, sub item 1, sorry about that. 2 MR. HORTON: H2 -- 3 MS. STEEL: I have objection. 4 MR. HORTON: -- sub item 1, we have got an 5 objection. 6 Let's rescind the previous vote, Members, and 7 take up H2. 8 Is there a motion? 9 MS. YEE: Do sub item 1 separately? 10 MR. HORTON: Yes. 11 MS. YEE: Okay, I'll move approval of 1. 12 MR. HORTON: Move approval of item H2, second 13 by Member Chiang. 14 Without objection, such -- 15 MS. STEEL: Objection, that's -- 16 MR. HORTON: Objection on H2? 17 MS. STEEL: -- H2, sub item 1, I have an 18 objection. 19 MS. YEE: Yeah. 20 MR. HORTON: H2, sub item 1. 21 MS. YEE: I'll will make a motion on that sub 22 item to adopt the staff recommendation. 23 MR. HORTON: Moved by Member Yee to adopt the 24 staff recommendation. 25 Is there a second? 26 MR. CHIANG: Second. 27 MR. HORTON: Second by Member Chiang. 28 Objection noted. 4 1 Ms. Olson, please call the roll. 2 MS. OLSON: Mr. Horton? 3 MR. HORTON: Aye. 4 MS. OLSON: Ms. Steel? 5 MS. STEEL: No. 6 MS. OLSON: Ms. Yee? 7 MS. YEE: Aye. 8 MS. OLSON: Mr. Chiang? 9 MR. CHIANG: Aye. 10 MS. OLSON: Motion carries. 11 MR. HORTON: Next item, Members? 12 MS. YEE: I'll move approval for the staff 13 recommendation for sub items 2 and 3. 14 MR. HORTON: So noted. Is there a second? 15 Mr. Chiang? 16 MR. CHIANG: Second. 17 MR. HORTON: Second. Objection? 18 MS. STEEL: No objection. 19 MR. HORTON: Hearing none, such will be the 20 order. 21 ---O0O--- 22 23 24 25 26 27 28 5 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 DECEMBER 14, 2011 I recorded verbatim, in shorthand, to 10 the 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 5 constitute a complete and accurate 14 transcription of the shorthand writing. 15 16 Dated: JANUARY 18, 2012 17 18 19 ____________________________ 20 JULI PRICE JACKSON 21 Hearing Reporter 22 23 24 25 26 27 28 6