FY 25/26 Reciprocal agreement to exchange tax data specific to city business information for tax administration purposes.

The California Franchise Tax Board has awarded a non-IT services contract to the City of Visalia for a reciprocal tax data exchange agreement. The contract, effective from January 1, 2026, to December 31, 2028, covers four fiscal years (FY 25/26 through FY 28/29). Each fiscal year's line item involves a single agreement to exchange tax data specific to city business information for tax administration purposes.

The contract is structured with consistent annual line items, each quantified as one agreement and measured on an "each" basis. Notably, the contract shows a $0.00 contract amount, suggesting this may be a no-cost intergovernmental data sharing arrangement. The agreement facilitates information exchange between the Franchise Tax Board and the City of Visalia, likely to enhance local and state tax administration efficiency through collaborative data sharing mechanisms.