California Revenue and Taxation Code

§ 19777.5

RTC § 19777.5 Effective Sep 29, 2005Div. 2 · Part 10.2 · Ch. 9.5 · Art. 4

Statute text

(a)There shall be added to the tax for each taxable year for which amnesty could have been requested:

(1)For amounts that are due and payable on the last day of the amnesty period, an amount equal to 50 percent of the accrued interest payable under Section 19101 for the period beginning on the last date prescribed by law for the payment of that tax (determined without regard to extensions) and ending on the last day of the amnesty period specified in Section 19731.

(2)For amounts that become due and payable after the last date of the amnesty period, an amount equal to 50 percent of the interest computed under Section 19101 on any final amount, including final deficiencies and self-assessed amounts, for the period beginning on the last date prescribed by law for the payment of the tax for the year of the deficiency (determined without regard to extensions) and ending on the last day of the amnesty period specified in Section 19731.

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Legislative history

Amended by Stats. 2005, Ch. 398, Sec. 8. Effective September 29, 2005.