California Revenue and Taxation Code

§ 19043.5

RTC § 19043.5 Effective Jan 1, 2002Div. 2 · Part 10.2 · Ch. 4 · Art. 3

Statute text

(a)(1) If the Franchise Tax Board determines that the amount of a carryover disclosed by the taxpayer on an original or amended return, including an amended return reporting federal adjustments pursuant to Section 18622, is more than the amount of the carryover disclosed by its own examination, it may mail a notice or notices to the taxpayer of the proposed carryover adjustment and the proposed adjusted carryover amount.

(2)For purposes of this section, “carryover” means the amount of a credit, loss, deduction, or other item that is shown on an original or amended return for carry forward to a subsequent taxable year.

(b)Except as otherwise provided in this section, the provisions of this article applicable to a proposed deficiency assessment shall be applicable to a proposed adjusted carryover amount, including protest and appeal rights as if that proposed adjusted carryover amount were a proposed deficiency assessment.

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Legislative history

Added by Stats. 2001, Ch. 191, Sec. 3. Effective January 1, 2002.