California Revenue and Taxation Code

§ 8777

RTC § 8777 Effective Jan 1, 1996Div. 2 · Part 3 · Ch. 4 · Art. 2

Statute text

The amount of the determination, exclusive of penalties, shall bear interest at the modified adjusted rate per month, or fraction thereof, established pursuant to Section 6591.5, from the last day of the calendar month following the reporting period for which the amount of the tax, or any portion thereof, should have been reported until the date of payment.

Legislative history

Amended by Stats. 1995, Ch. 555, Sec. 26. Effective January 1, 1996.