California Revenue and Taxation Code

§ 55332.5

RTC § 55332.5 Effective Jan 1, 2023Div. 2 · Part 30 · Ch. 6 · Art. 2

Statute text

(a)Beginning on January 1, 2007, the director of the department, or their delegates, may compromise any final fee liability.

(b)For purposes of this section, “a final fee liability” means any final fee liability arising under Part 30 (commencing with Section 55001), or related interest, additions to fees, penalties, or other amounts assessed under this part.

(c)(1) Offers in compromise shall be considered only for liabilities that were generated from a business that has been discontinued or transferred, where the feepayer making the offer no longer has a controlling interest or association with the transferred business or has a controlling interest or association with a similar type of business as the transferred or discontinued business.

…

Legislative history

Amended (as amended by Stats. 2017, Ch. 272, Sec. 15) by Stats. 2022, Ch. 474, Sec. 107. (SB 1496) Effective January 1, 2023. Repealed as of January 1, 2028, by its own provisions. See later operative version, as amended by Sec.108 of Stats. 2022, Ch. 474.