Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Sales and Use Tax Annotations

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320.0000 INTEREST AND PENALTIES—Regulation 1703

Annotation 320.0055

320.0055 Effective Date of Payment. Government Code section 11002 provides in part that funds are "deemed received on the date shown by the post office cancellation mark stamped upon the envelope containing the remittance . . . ." In the case of remittances received via a levy served on a bank, the effective date of payment is the date of service not the date of payment by the bank since the Board had ownership as of the date of service. 10/3/90.