1 BEFORE THE CALIFORNIA STATE BOARD OF EQUALIZATION 2 450 N STREET 3 SACRAMENTO, CALIFORNIA 4 5 6 7 8 REPORTER'S TRANSCRIPT 9 JULY 27, 2012 10 11 12 13 14 15 FINAL ACTIONS 16 17 18 19 20 21 22 23 24 25 26 27 REPORTED BY: Kathleen Skidgel 28 CSR NO. 9039 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 Government Code 13 Section 7.9) 14 Joann Richmond 15 Chief Board Proceedings Division 16 17 For Staff: David Levine Tax Counsel IV 18 19 ---oOo--- 20 21 22 23 24 25 26 27 28 2 1 450 N STREET 2 SACRAMENTO, CALIFORNIA 3 JULY 27, 2012 4 ---oOo--- 5 MS. RICHMOND: Our next item is closed session. 6 The Board Members will now go into closed 7 session to discuss personnel matters. 8 MR. HORTON: Uh -- 9 MS. STEEL: We going to vote? 10 MS. YEE: Take up our -- 11 MR. HORTON: Yeah, let's -- instead, let's take 12 up the items outstanding, Ms. Richmond. See how far we 13 get. 14 MS. RICHMOND: Okay. 15 Our next item then is D1, California Insurance 16 Company. 17 ---oOo--- 18 D1 CALIFORNIA INSURANCE COMPANY (ET) 'CF' 19 No. 457613 (ET) CF 20 ---oOo--- 21 MR. HORTON: Discussion, Members? 22 MS. STEEL: Um, did I hear right that he said 23 he has a corporation in California? 24 MS. YEE: Mm-hmm. 25 MS. STEEL: Is that what he said? 26 MR. HORTON: Yes. Corporation, domicile. 27 MS. YEE: Yeah, everything. 28 MR. HORTON: Uh, name, rights. 3 1 MS. STEEL: Okay. 2 MR. RUNNER: I think they just paid the wrong 3 state for a while. 4 MS. YEE: Yeah. 5 MR. HORTON: Uh, noted nonparticipation by 6 Member Mandel. 7 Um, is there a motion, Members? 8 MS. YEE: Move to adopt the staff 9 recommendation. 10 MR. HORTON: Moved by Member Yee. 11 Is there a second? 12 MS. STEEL: Second. 13 MR. HORTON: Second by Member Steel. 14 Without objection, such will be the order. 15 ---oOo--- 16 17 18 19 20 21 22 23 24 25 26 27 28 4 1 MR. HORTON: Ms. Richmond. 2 MS. RICHMOND: Our next item is D2, Hamid 3 Maghsoudi and Ghazal Valiyee. 4 ---oOo--- 5 D2 HAMID MAGHSOUDI and GHAZAL VALIYEE 6 No. 438138 (MT) 7 ---oOo--- 8 MR. HORTON: Discussion, Members? 9 MS. STEEL: No. Grant the petition for relief 10 of interest and penalties. 11 MR. HORTON: It's, uh, moved by Member Steel to 12 grant relief for interest and penalty. 13 MR. RUNNER: Second. 14 MR. HORTON: Second by Member Runner. 15 Objection, Members? 16 MS. STEEL: And refer to OIC. 17 MR. HORTON: And refer to OIC. 18 MR. RUNNER: Yep. 19 MR. HORTON: Augmentation of the amendment. 20 Objection, Members? 21 MS. YEE: Yes. 22 MR. HORTON: Ms. Richmond, please call the 23 roll. 24 MS. RICHMOND: Mr. Horton. 25 MR. HORTON: Aye. 26 MS. RICHMOND: Ms. Steel. 27 MS. STEEL: Aye. 28 MS. RICHMOND: Mr. Runner. 5 1 MR. RUNNER: Aye. 2 MS. RICHMOND: Ms. Yee. 3 MS. YEE: Aye. 4 MS. RICHMOND: Ms. Mandel. 5 MS. MANDEL: No. 6 MS. RICHMOND: Motion carries -- 7 MS. YEE: Oh, I'm sorry. 8 MS. MANDEL: Yes. 9 MR. HORTON: Uh, uh -- 10 MS. YEE: I was looking ahead. 11 May we -- 12 MR. HORTON: Ms. Steel -- I mean Ms. Yee moves 13 to strike the roll. 14 MS. YEE: Thank you. 15 MR. HORTON: Second by Member Steel. 16 Without objection, Members, such will be the 17 roll -- such will be the order. 18 Uh, Ms. Richmond, please re-call the roll. 19 MS. RICHMOND: Mr. Horton. 20 MR. HORTON: Aye. 21 MS. RICHMOND: Ms. Steel. 22 MS. STEEL: Aye. 23 MS. RICHMOND: Mr. Runner. 24 MR. RUNNER: Aye. 25 MS. RICHMOND: Ms. Yee. 26 MS. YEE: No. 27 MS. RICHMOND: Ms. Mandel. 28 MS. MANDEL: No. 6 1 MS. RICHMOND: Motion carries. 2 MR. HORTON: Thank you very much. Ms. 3 Richmond. 4 ---oOo--- 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 7 1 REPORTER'S CERTIFICATE 2 3 State of California ) 4 ) ss 5 County of Sacramento ) 6 7 I, KATHLEEN SKIDGEL, Hearing Reporter for the 8 California State Board of Equalization certify that on 9 June 27, 2012 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 13 1 through 7 constitute a complete and accurate 14 transcription of the shorthand writing. 15 16 Dated: July 3, 2012 17 18 19 ____________________________ 20 KATHLEEN SKIDGEL, CSR #9039 21 Hearing Reporter 22 23 24 25 26 27 28 8