California Revenue and Taxation Code

§ 19732

RTC § 19732 Effective Sep 29, 2005Div. 2 · Part 10.2 · Ch. 9.1

Statute text

(a)For any taxpayer who meets each of the requirements of Section 19733 both of the following apply:

(1)The Franchise Tax Board shall waive all unpaid penalties and fees imposed by this part for each taxable year for which tax amnesty is allowed, but only to the extent of the amount of any penalty or fee that is owed as a result of previous nonreporting or underreporting of tax liabilities or prior nonpayment of any taxes previously assessed or proposed to be assessed for that taxable year.

(2)Except as provided in subdivision (b), no criminal action shall be brought against the taxpayer for the taxable years for which tax amnesty is allowed for the nonreporting or underreporting of tax liabilities or the nonpayment of any taxes previously assessed or proposed to be assessed.

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Legislative history

Amended by Stats. 2005, Ch. 398, Sec. 4. Effective September 29, 2005.