California and Texas – Important Franchise Tax Updates

The Franchise Tax Board posted a notice that electronic signatures will be accepted until December 31, 2021 for all documents except Power of Attorney forms which require an original signature.  More information is available at  https://www.ftb.ca.gov/about-ftb/newsroom/tax-news/july-2021/electronic-signatures-accepted-through-december-31-2021.html

The Comptroller of Public Accounts posted an update on 2021 Franchise Tax Extension Due Dates to confirm that the extended due date is August 16 if a taxable entity making EFT payments filed for an extension on or before June 15.  The extended due date is November 15 for all other entities not required to make mandatory EFT payments that filed for an extension on or before June 15.  More information is available at https://comptroller.texas.gov/taxes/franchise/

Jurisdictional Updates 7-21-21