HomeMy WebLinkAboutMINUTES - 04031990 - 1.42 TO: BOARD OF SUPERVISORS
Contra
Costa
FROM:
Phil Batchelor, County Administrator s
ZAP:�-..: �. County
DATE: March 26, 1990
SUBJECT: LEGISLATION: AJR 67 (Calderon)
SPECIFIC REOUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
Continue the Board' s position in SUPPORT of Assembly Joint
Resolution 67 (AJR 67 ) by Assemblyman Calderon which would
request Congress to amend the Internal Revenue Code to allow
information contained in currency transaction reports to be
disclosed to state and local law enforcement agencies.
BACKGROUND:
On February 27 , 1990 the Board of Supervisors voted to support
AJR 67 . The Resolution has now been amended. Under current
federal law, individuals engaged in a trade or business who
receive more than $10 ,000 in cash in a single transaction or two
or more related transactions are required to file currency
transaction reports with the federal government.
The Treasury Department can use these reports to investigate
possible money laundering or drug dealing operations. Under
current law, the information contained in these reports may be
disclosed to the Franchise Tax Board but must be treated as
confidential by the Franchise Tax Board, meaning that it cannot
release the information to any other state agency. As a result,
the Attorney General is limited in his power to monitor money
laundering or drug dealing operations within the state for
possible violations of law.
As amended March 7 , 1990, Assembly Joint Resolution 67 would
request the Congress to amend Section 6103 of the Internal
CONTINUED ON ATTACHMENT:Ye S YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE OTHER
SIGNATUREM::
ACTION OF BOARD ON April , 1990 APPROVED AS RECOMMENDED ey OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A TRUE
UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN
AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD
ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE SHOWN.
CC: please see Page 2 . ATTESTED APR 3 1990
PHIL BATCHELOR,CLERK OF THE BOARD OF
SUPERVISORS AND COUNTY ADMINISTRATOR
M382 (10/88)
BY ,DEPUTY
Revenue Code to permit information submitted in currency
transaction reports to be disclosed to state and local law
enforcement agencies.
The March 7 ,_ 1990 amendments include local law enforcement
agencies.
It appears that passage of AJR 67 and action by Congress to amend
the Internal Revenue Code as requested by AJR 67 would provide
state and local law enforcement agencies with a valuable
additional tool to monitor •money laundering or drug dealing
operations within the state. In this way it appears to be
entirely consistent with the Board of Supervisors ' war on drugs
and therefore deserves the support of the Board. We are,
therefore, recommending that the Board support AJR 67 as amended
March 7 , 1990 .
cc: County Administrator
District Attorney
Sheriff-Coroner
Health Services Director
County Probation Officer
Drug Program Administrator
Chair, Drug Abuse Advisory Board
Les Spahnn, SRJ. Jackson, Barish & Associates