California Revenue and Taxation Code

§ 18664

RTC § 18664 Effective Jan 23, 2009Div. 2 · Part 10.2 · Ch. 2 · Art. 5

Statute text

(a)(1) Section 3406 of the Internal Revenue Code, relating to the backup withholding, shall apply, except as otherwise provided.

(2)For purposes of this section, the term “reportable payment,” as defined in Section 3406(b) of the Internal Revenue Code, shall include payments of items of income as defined in Section 18662, and any regulations thereunder, with respect to rents, prizes and winnings, compensation for services, including bonuses, and other fixed or determinable annual or periodic gains, profits, and income.

(3)This section shall not apply to either of the following:

…

Legislative history

Added by Stats. 2009, 4th Ex. Sess., Ch. 16, Sec. 3. (AB 18 4x) Effective January 23, 2009.