§ 13550. — 13550. (Amended by Stats. 2000, Ch. 363, Sec. 6.)

California § 13550.

• Jurisdiction: California
• Code RTC: Revenue and Taxation Code - RTC
• Div. 2.: DIVISION 2. OTHER TAXES
• Part 8.: PART 8. PROHIBITION OF GIFT AND DEATH TAXES
• Ch. 5.: CHAPTER 5. Payment of Tax
• Art. 2.: ARTICLE 2. Interest

Text

(a)
The tax imposed by this part does not bear interest if it is paid prior to the date on which it otherwise becomes delinquent. However, if the tax is paid after that date, the tax bears interest at the rate for underpayment of estate tax provided in Section 6621(a)(2) of the Internal Revenue Code from the date it became delinquent and until it is paid. Interest under this section shall be compounded daily.
(b)
The amendments made by Chapter 323
of the Statutes of 1998 shall apply to delinquent amounts unpaid on or after January 1, 1999, to December 31, 2000, inclusive.

Legislative History

Amended by Stats. 2000, Ch. 363, Sec. 6. Effective September 8, 2000. Operative January 1, 2001, by Sec. 11 of Ch. 363.