Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2017

Revenue and Taxation Code

Property Taxation

Part 12. Taxation of Racehorses

CHAPTER 4. Collection

Section 5763

5763. Penalties. A delinquent penalty of 6 percent shall attach at 5 p.m. on the day any tax imposed by this part becomes delinquent. An additional penalty of 1 percent shall attach to the tax on the first day of the first calendar month commencing after the tax becomes delinquent and on the first day of each calendar month thereafter, until the delinquent tax and penalties have been paid in full.

History.—Stats. 1972, p. 1230, in effect August 10, 1972, added "at 5 p.m." between "attach" and "on" in the first sentence; and deleted "and penalty" between "tax" and "on", and "on the unpaid balance" between "thereafter" and ", until" in the second sentence.