Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2011
 

Sales And Use Tax Law

CHAPTER 5. DETERMINATIONS

Article 1.1. Prepayment *

Section 6477

6477. Penalty for failure to prepay when timely quarterly return filed. Any person required to make a prepayment pursuant to Section 6471 or Section 6471.5 who fails to make a prepayment before the last day of the monthly period following the quarterly period in which the prepayment became due and who files a timely return and payment for the quarterly period in which the prepayment became due shall pay a penalty of 6 percent of the amount equal to 90 percent of the tax liability, as prescribed in those sections, for each of the periods during that quarterly period for which a required prepayment was not made.

History.—Stats. 1983, Ch. 10 (1X), in effect February 17, 1983, operative April 1, 1983, added "or Section 6471.5" after "Section 6471," "or 95 percent" after "90 percent" and "as prescribed in those sections" after "liability". Stats. 1983, Ch. 337, in effect January 1, 1984, deleted "monthly" before "periods." Stats. 1999, Ch. 484, (AB 384), in effect January 1, 2000, deleted "or 95 percent" after "90 percent".

* Article 1.1 was added by Stats. 196, p. 185, in effect April 18, 1966, operative July 1, 1966.