JurisdictionCaliforniaCode RTCRevenue and Taxation Code - RTC
Div. 2.DIVISION 2. OTHER TAXES
Part 18.5.PART 18.5. TIMBER YIELD TAX
Ch. 7.CHAPTER 7. Overpayments and Refunds
Art. 1.ARTICLE 1. Claim for Refund
This text of California § 38606. (38606. (Amended by Stats. 2021, Ch. 432, Sec. 38.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Interest shall be paid upon any overpayment of any amount of tax at the modified adjusted rate per month, or fraction thereof, as defined in Section 6591.5, from the last day of the calendar month following the quarterly period for which the overpayment was made; but no refund or credit shall be made of any interest imposed upon the person making the overpayment with respect to the amount being refunded or credited.
The interest shall be paid as follows:
(a)In the case of a refund, to the last day of the calendar month following the date upon which the person making the overpayment, if the person has not already filed a
claim, is notified by the department that a claim may be filed or the date upon which the claim is approved by the department, whichever date is the earlier.
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Interest shall be paid upon any overpayment of any amount of tax at the modified adjusted rate per month, or fraction thereof, as defined in Section 6591.5, from the last day of the calendar month following the quarterly period for which the overpayment was made; but no refund or credit shall be made of any interest imposed upon the person making the overpayment with respect to the amount being refunded or credited.
The interest shall be paid as follows:
(a)
In the case of a refund, to the last day of the calendar month following the date upon which the person making the overpayment, if the person has not already filed a
claim, is notified by the department that a claim may be filed or the date upon which the claim is approved by the department, whichever date is the earlier.
(b)
In the case of a credit, to the same date as that to which interest is computed on the tax or amount against which the credit is applied.