In a rare case of tax fairness, some California legislators are trying to unwind a law change by the California Franchise Tax Board (FTB). In this case, the FTB invalidated a nearly 20-year old tax incentive. This meant that companies that still had open years available for California audit and review, would now be subject to tax. The legislators are seeking to unwind the decision and ban such retroactive tax changes from taking place in the future.
You can read more about this story at: http://www.utsandiego.com/news/2013/mar/06/lawmakers-tackle-back-tax-grab/