Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2012
Oil Spill Response, Prevention, and Administration Fees Annotations
There is no statutory authority for the payment of credit interest on refunds made pursuant to Government Code section 8670.48(i)(1) or Revenue and Taxation Code section 46653. Generally, such refunds are made when funds in the Oil Spill Response Trust Fund exceed $50,000,000. The statute authorizes the payment of credit interest on refunds made pursuant to Revenue & Taxation Code section 46501, for fees paid more than once or erroneously or illegally collected or computed. 6/5/92.