Purchases of tangible merchandise for storage, use, or other consumption in California from out-of-state vendors not collecting California tax are subject to a use tax liability on the purchase price of such property. Effective January 1, 2004, California instituted an in-state voluntary disclosure program. Some of the benefits of participating in the program include: 1) a reduction in years in look-back period from eight to three, 2) a waiver of the late filing and payment penalties, and 3) anonymity for an opinion of liability given by the Board of Equalization. (State Board of Equalization News Release #75-M, December 30, 2003)