Updates
Here are summaries of important legal or procedural changes that affect the latest edition of this product.
If you want to check on the accuracy of any other information in the book, please follow the legal research
instructions in the book or in Nolo's research manual, Legal Research: How to Find and Understand the Law.
New Notarization Requirements for California
Effective date:
Jan. 1, 2008
As of January 1, 2008, the official California notarization statement changes to the following:
State of California
County of _________________
On _______________ before me, ______________________, a notary public, personally appeared ____________________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing is true and correct. Witness my hand and official seal.
Signature ________________________________
(Seal)
The change was made to combat identify theft and real estate fraud, according to the legislators who sponsored the statutory change to California Civil Code section 1185.
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New Simplified Process for California Nonprofits Seeking State Tax Exemption
Effective date:
Jan. 1, 2008
Effective January 1, 2008, California 501(c)(3) nonprofits will no longer need to file Form FTB 3500, the California state tax exemption application. Once a California nonprofit receives its federal 501(c)(3) determination from the IRS, it can simply submit a copy of that letter to the California Franchise Tax Board, along with the new state Form 3500A, Submission of Exemption Request: Exemption Based on 501(c)(3) Federal Determination Letter. After the California Franchise Tax Board approves the affirmation, the nonprofit is tax exempt in California.
This new law applies only to nonprofits exempt under Section 501(c)(3) of the Internal Revenue Code. All other entities seeking California state tax exemption must file form FTB 3500, Exemption Application, with the California Franchise Tax Board.
For more information, go to the California Franchise Tax Board website at www.ftb.ca.gov and search for Form 3500A.
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