§ 19182.5. — 19182.5. (Added by Stats. 1997, Ch. 611, Sec. 61.)

California § 19182.5.

• Jurisdiction: California
• Code RTC: Revenue and Taxation Code - RTC
• Div. 2.: DIVISION 2. OTHER TAXES
• Part 10.2.: PART 10.2. ADMINISTRATION OF FRANCHISE AND INCOME TAX LAWS
• Ch. 4.: CHAPTER 4. Payments and Assessments
• Art. 7.: ARTICLE 7. Penalties and Additions to Tax

Text

(a)
A penalty shall be imposed for failing to meet the requirements of Section 18648.5 and the penalty amount shall be determined in accordance with Section 6714 of the Internal Revenue Code.
(b)
No penalty shall be imposed under paragraph (1) upon a showing that the requirements in Section 6115 of the Internal Revenue Code have been met with respect to that contribution for federal purposes.
(c)
The
provisions of this section shall apply to quid pro quo contributions made on or after January 1, 1997.

Legislative History

Added by Stats. 1997, Ch. 611, Sec. 61. Effective October 3, 1997.