California Revenue and Taxation Code

§ 19144

RTC § 19144 Effective Oct 1, 2025Div. 2 · Part 10.2 · Ch. 4 · Art. 7

Statute text

(a)For the purposes of Section 19142, the amount of the underpayment shall be the excess of the amount calculated in paragraph (1) over the amount calculated in paragraph (2).

(1)(A) The amount of the installment that would be required to be paid if the estimated tax were equal to the applicable percentage of the tax shown on the return for the taxable year.

(B)If no return was filed, the applicable percentage of the tax for that year.

…

Legislative history

Amended by Stats. 2025, Ch. 231, Sec. 69. (SB 711) Effective October 1, 2025.