California Revenue and Taxation Code

§ 19135

RTC § 19135 Effective Jan 1, 2013Div. 2 · Part 10.2 · Ch. 4 · Art. 7

Statute text

(a)(1) The Franchise Tax Board shall impose a penalty of two thousand dollars ($2,000) per taxable year whenever an entity described in paragraph (2) is doing business in this state, within the meaning of Section 23101, and fails to make and file a return as required by this part, within 60 days after the Franchise Tax Board sends the taxpayer a notice and demand to file the required tax return, unless the failure is due to reasonable cause and not willful neglect.

(2)(A) A foreign corporation or a foreign limited liability company that fails to qualify to do business in this state or whose powers, rights, and privileges have been forfeited.

(B)A domestic corporation or a domestic limited liability company that has been suspended.

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Legislative history

Repealed and added by Stats. 2012, Ch. 313, Sec. 3. (AB 318) Effective January 1, 2013.