California Revenue and Taxation Code

§ 7074

RTC § 7074 Effective Sep 29, 2005Div. 2 · Part 1 · Ch. 8 · Art. 2

Statute text

(a)Except for taxpayers who have entered into an installment payment agreement pursuant to subdivision (b) of Section 7073, there shall be added to the tax for each period for which amnesty could have been requested:

(1)For amounts that are due and payable on the last date of the amnesty period, an amount equal to 50 percent of the accrued interest payable under Section 6591 for the period beginning on the date in which the tax was due and ending on the last day of the amnesty period specified in Section 7071.

(2)An amount equal to 50 percent of the interest computed under Section 6591 on any final amount, including final deficiencies and self-assessed amounts, for the period beginning on the date in which the tax was due and ending on the last day of the amnesty period specified in Section 7071.

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Legislative history

Amended by Stats. 2005, Ch. 398, Sec. 2. Effective September 29, 2005.