Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2011
 

Revenue and Taxation Code

Other Taxes

Part 6. Private Railroad Car Tax

Chapter 2. Assessments

Article 4. Estimated and Escaped Assessments

Section 11319

11319. Interest. If any assessment made pursuant to this article results in a tax that is paid after December 10 of the year to which the assessment relates, the tax shall bear interest at the adjusted annual rate established pursuant to Section 19521 from December 10 of the year in which the assessment should have been made to the date the assessment is added to the board roll; provided, however, that no addition shall be made whenever the escape was due to an error, other than an erroneous opinion of value, on the part of the board.

History.—Added by Stats. 1974, Ch. 54, p. 119, in effect January 1, 1975. Stats. 1978, Ch. 1112, in effect January 1, 1979, deleted "one-half of" before "1 percent". Stats. 1982, Ch. 5 (First Extra Session), in effect June 1, 1982, substituted "at the adjusted annual rate established pursuant to Section 19269" for "of 1 percent per month" after "interest". Stats. 1982, Ch. 1465, in effect January 1, 1983, substituted "from December 10 . . . part of the board." for "for the period . . . date of payment." after Section 19269. Stats. 1996, Ch. 1087, in effect January 1, 1997, substituted "Section 19521" for "Section 19269" after "established pursuant to".

Note.—Section 89 of Stats. 1982, Ch. 5 (First Extra Session) provided that the provisions of this act shall apply to all interest and additions to tax accruing on or after the effective date of this act.