California Revenue and Taxation Code

§ 4221

RTC § 4221Div. 1 · Part 7 · Ch. 3 · Art. 2

Statute text

In each succeeding fiscal year the redemptioner shall pay, before the delinquency date of the last installment of current taxes, the sum of the following:

(a)That amount which is computed to be not less than the difference between the amounts previously paid under the provisions of this article, excepting amounts paid as interest, and

(1)40 percent of the redemption amount when the payment is made during or prior to the first fiscal year following the year in which election was made to pay delinquent taxes in installments.

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Legislative history

Amended by Stats. 1985, Ch. 316, Sec. 56.