Laws, Regulations and Annotations


Business Taxes Law Guide—Revision 2024

Use Fuel Tax Law

Revenue and Taxation Code

Division 2. Other Taxes
Part 3. Use Fuel Tax

Chapter 5. Collection of Tax.

Article 1. Security for Tax

Section 8956

8956. Effect of security for tax when business discontinued. If, at the time a person ceases to be a user or vendor under this part, the board holds security pursuant to Section 8951 in the form of cash, government bonds, or insured deposits in banks or savings and loan institutions, the security when applied to the account of the taxpayer shall be deemed to be a payment on account of any liability of the taxpayer to the board on the date the person ceases to be a user or vendor under this part.

History—Added by Stats. 1967, p. 2327, in effect November 8, 1967. Stats. 1991, Ch. 770, in effect January 1, 1992, added "or wholesaler" after "vendor". Stats. 1994, Ch. 912, in effect September 28, 1994, but operative July 1, 1995, substituted "user or vendor" for "user, vendor, or wholesaler" after "to be a", and substituted "the" for "such" after "loan institutions,".