California Revenue and Taxation Code

§ 6471

RTC § 6471 Effective Jan 1, 2001Div. 2 · Part 1 · Ch. 5 · Art. 1.1

Statute text

(a)Upon written notification by the board, any person whose estimated measure of tax liability under this part averages seventeen thousand dollars ($17,000) or more per month, as determined by the board, shall, without regard to the measure of tax in any one month, make prepayments as prescribed in this section.

(1)In the first, third, and fourth calendar quarters, the person shall prepay not less than 90 percent of the amount of state and local tax liability for each of the first two monthly periods of each quarterly period.

(2)In the second calendar quarter, the person shall make a first prepayment of 90 percent of the amount of state and local tax liability for the first monthly period of the quarterly period and a second prepayment of either of the following:

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Legislative history

Amended by Stats. 2000, Ch. 135, Sec. 151. Effective January 1, 2001.