Laws, Regulations and Annotations


Business Taxes Law Guide—Revision 2024

Energy Resources Surcharge Law

Revenue and Taxation Code

Division 2. Other Taxes
Part 19. Energy Resources Surcharge Law

Chapter 4. Determination of Surcharge

Article 4. Determinations If No Return Made

Section 40083

40083. Interest. The amount of the determination, exclusive of penalties, shall bear interest at the modified adjusted rate per month, or fraction thereof, established pursuant to Section 6591.5, from the last day of the month following the quarterly period for which the amount or any portion thereof should have been returned until the date of payment.

History—Stats. 1977, Ch. 624, effective January 1, 1978, deleted "at the rate of one-half of 1 percent per month, or fraction thereof," from the first sentence and added the second sentence. Stats. 1982, Ch. 5, First Extra Session, in effect May 27, 1982, substituted "adjusted … 19269" for "rate … thereafter" after "at the" in the second sentence. Stats. 1984, Ch. 1020, operative July 1, 1985, added "at … Section 6591.5," and deleted the second sentence.