.

Malibu Business Owes the State Nearly $1.2 Mil

A local business was named on the state's latest list of the "top 500 sales and use tax delinquencies," released Tuesday.

A Malibu business owes the state nearly $1.2 million in back taxes. Patch file photo.
A Malibu business owes the state nearly $1.2 million in back taxes. Patch file photo.
By Renee Schiavone

A Malibu business is in hot water with the state, which has resorted to publicly listing names in a database of the worst tax offenders.

On Tuesday, the California State Board of Equalization updated its online list of the Top 500 sales and use tax delinquencies-- a list which totals $514.9 million in taxes through the first quarter of 2014.

  • Malibu Masonry Supply Inc., 3730 Cross Creek Road, owes the state $1,167,331.62
According to the BOE, businesses are notified 30 days before their information is posted.  The agency does not name those who are working on a payment arrangement of some sort, or are in bankruptcy, litigation, or appeal phases.

"Since the inception of this program in 2007, the BOE has received $10.21 million from 121 qualifying taxpayers who came forward to pay their debts; 100 are making installment payments, and 21 have paid their debt in full," a press release from the BOE said Tuesday.

Of the hundreds of millions of dollars owed to California, $114.3 million are jointly owed liabilities.

"This means individuals associated with a corporation, partnership, limited partnership, limited liability partnership, or limited liability company might be personally responsible for delinquent taxes," the BOE said.

This quarter alone, 44 taxpayers were added to the state's delinquent list. Together, they owe $41.4 million.
Karin Jalili March 05, 2014 at 10:59 AM
Malibu Masonary has been out of business for a few years now
Penny Arévalo March 05, 2014 at 11:02 AM
Yep, but that doesn't mean the state forgives the debt. ;-)

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »