California Revenue and Taxation Code

§ 23310

RTC § 23310 Effective Jan 1, 2019Div. 2 · Part 11 · Ch. 2 · Art. 7

Statute text

(a)The Franchise Tax Board may abate, upon written request by a qualified entity, unpaid qualified taxes, interest, and penalties for the taxable years in which the qualified entity certifies, under penalty of perjury, that it was not doing business, within the meaning of subdivision (a) of Section 23101, has ceased doing business, and does not have any remaining assets in the business.

(b)For purposes of this section:

(1)“Qualified entity” means a domestic corporation subject to Division 1 (commencing with Section 100) of Title 1 of the Corporations Code or a domestic limited liability company subject to Title 2.6 (commencing with Section 17701.01) of the Corporations Code that satisfies either of the following conditions:

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Legislative history

Added by Stats. 2018, Ch. 679, Sec. 3. (AB 2503) Effective January 1, 2019.