California Revenue and Taxation Code

§ 19194

RTC § 19194 Effective Jan 1, 2012Div. 2 · Part 10.2 · Ch. 4 · Art. 8

Statute text

(a)Notwithstanding any other provision of this article, a voluntary disclosure agreement shall be null and void in the event that the Franchise Tax Board finds that with respect to the agreement any of the following circumstances exist:

(1)The qualified entity has misrepresented any material fact in applying for the voluntary disclosure agreement or in entering into the agreement.

(2)The qualified entity fails to file any returns for any taxable year covered by the voluntary disclosure period agreed upon on or before the due date prescribed under the terms of the agreement in accordance with paragraph (2) of subdivision (d) of Section 19191.

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Legislative history

Amended by Stats. 2011, Ch. 296, Sec. 280. (AB 1023) Effective January 1, 2012.