California Revenue and Taxation Code

§ 6487.2

RTC § 6487.2 Effective Jan 1, 2025Div. 2 · Part 1 · Ch. 5 · Art. 2

Statute text

(a)A notice of determination issued pursuant to Section 6486, 6515, or 6536 to an individual who was a general partner, as shown on the department’s records, and who, prior to the period covered by the determination, withdrew from the partnership, causing a change in ownership, and failed to notify the department, shall be served within four years after the last day of the calendar month following the quarterly period in which the change of ownership occurred.

(b)An individual who was a general partner, as shown on the department’s records, who withdraws from a partnership without notifying the department of the change in ownership, shall not be liable for any unpaid, self-assessed liability of the partnership that becomes due at least three years after the last day of the calendar month following the quarterly period in which the change in ownership occurred.

(c)Subdivisions (a) and (b) shall not apply to either of the following:

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Legislative history

Amended by Stats. 2024, Ch. 499, Sec. 7. (SB 1528) Effective January 1, 2025.