By Staff Reports
(Victor Valley)–Board of Equalization (BOE) Chairman Jerome E. Horton issued this statement on Governor Jerry Brown’s State of the State address today.
“I applaud Governor Brown’s prudence in establishing the rainy-day fund and his plan to strengthen our infrastructure, rebuild education, and fortify health care for our seniors and children. With nearly 40 percent of all Los Angeles County residents living in poverty, an epidemic of homelessness, and a growing economic and educational disparity in California, I encourage the Governor to redirect unused and unproductive tax credits towards stimulating the growth of small and medium-sized businesses that create quality jobs; establishing salary parity for our state workers who preserve, collect, and administer the resources needed to accomplish these objectives; and provide the Board of Equalization and Franchise Tax Board with the resources required to capture the more than $12 billion lost annually to the underground economy.”
Re-elected in 2014, Chairman Jerome E. Horton is the Third District Member of the California State Board of Equalization (BOE), representing more than 9.5 million residents in Los Angeles County. He is also the BOE’s Property Tax Committee Chairman. He is the first to serve as a Board Member with more than 21 years of experience at the BOE. Horton previously served as a Member of the California State Assembly from 2000-2006.
The five-member BOE is a publicly elected tax board. The BOE collects $60 billion annually in taxes and fees, supporting state and local government services. It hears business tax appeals, acts as the appellate body for franchise and personal income tax appeals, and serves a significant role in the assessment and administration of property taxes. For more information on other taxes and fees in California, visit the California Tax Service Center.