Franchise Tax Board: statewide financial relief payments: master agreements.

Existing law establishes the Franchise Tax Board in the Government Operations Agency to, among other things, administer state personal income taxes and corporation franchise and income taxes. Existing law, the Better for Families Act, required the Franchise Tax Board, no later than September 30, 2023, to make a one-time Better for Families Tax Refund payment to each qualified recipient, as defined, of an applicable amount, as specified, in the form and manner determined by the Franchise Tax Board, in order to provide relief to Californians. This bill would require the Franchise Tax Board, by no later than July 1, 2025, to enter into master agreements with debit card vendors to render services related to statewide financial relief payments. The bill would require each agreement to include certain terms, including definitions for key performance indicators, specified payment provisions, and options for fee-free services.