Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2018

Energy Resources Surcharge Law


Article 3. Deficiency Determinations

Section 40072

40072. Interest. The amount of the determination, exclusive of penalties, shall bear interest at the modified adjusted rate per month, or fraction thereof, established pursuant to Section 6591.5, from the last day of the month following the quarterly period for which the amount or any portion thereof should have been returned until the day of payment.

History.—Stats. 1977, Ch. 624, effective January 1, 1978, deleted "at the rate of one-half of 1 percent per month, or fraction thereof," and changed "date" to "day" in the first sentence, and added the second sentence. Stats. 1982, Ch. 5, First Extra Session, in effect May 27, 1982, substituted "adjusted . . . 19269" for "rate . . . thereafter" after "at the" in the second sentence. Stats. 1984, Ch. 1020, operative July 1, 1985, added "at . . . Section 6591.5," and deleted the second sentence.