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BOE special-tax teams extend filing deadlines for wildfire-affected alcohol licensees; insurance tax on track

2156770 · January 27, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

BOE special tax staff said alcoholic beverage tax filers in affected areas received an automatic 90-day extension after the governor’s state-of-emergency proclamation; tax-on-insurers accounts remain highly compliant and revenues for FY24-25 are above forecast per the Department of Finance bulletin.

Lede: Laura Williams, BOE technical advisor for special-tax programs, told the board the agency leveraged post-COVID statutory changes to automatically extend due dates for alcoholic beverage tax filers in governor-declared emergency areas, and that tax-on-insurers revenues for FY24-25 were running above forecast.

Nut graf: Williams said the alcoholic beverage tax (ABT) quarterly January 31 returns for impacted…

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