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Business Taxes Law Guide—Revision 2024
Sales And Use Tax Law
Revenue and Taxation Code
Division 2. Other Taxes
Part 1. Sales and Use Taxes
Chapter 5. Determinations
Article 1.5. Prepayment of Sales Tax on Motor Vehicle Fuel Distributions *
Section 6480.4
6480.4. Penalties and interest. (a) Any supplier or wholesaler who fails to make a timely remittance to the board of the prepayment amounts, if any, required pursuant to Sections 6480.1 and 6480.3 shall also pay a penalty of 10 percent of the amount of the prepayment due but not paid, plus interest at the modified adjusted rate per month, or fraction thereof, established pursuant to Section 6591.5, from the date the prepayment became due and payable to the state until the date of payment.
(b) The penalty amount specified in subdivision (a) shall be 25 percent if the supplier or wholesaler knowingly or intentionally fails to make a timely remittance.
History—Stats. 2001, Ch. 429 (AB 309), in effect October 2, 2001, operative January 1, 2002, added subdivision letter designation (a) before first paragraph, substituted "supplier or wholesaler" for "distributor or broker" after "Any", added "amounts, if any," after "of the prepayment", and substituted "10" for "25" after "a penalty of", therein; and added subdivision (b).
* Article 1.5 was added by Stats. 1986, Ch. 214, Operative on July 1, 1986.