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Business Taxes Law Guide—Revision 2024
Fee Collection Procedures Law
Revenue and Taxation Code
Division 2. Other Taxes
Part 30. Fee Collection Procedures Law
Chapter 5. Overpayments and Refunds
Article 3. Recover of Erroneous Refunds
Section 55262.5
55262.5. Interest on erroneous refunds. (a) Notwithstanding any other provision of this part, if the board finds that neither the person liable for payment of fees nor any party related to that person has in any way caused an erroneous refund for which an action for recovery is provided under Section 55261, no interest shall be imposed on the amount of that erroneous refund until 30 days after the date on which the board mails a notice of determination for repayment of the erroneous refund to the person. The act of filing a claim for refund shall not be considered as causing the erroneous refund.
b) This section shall be operative for any action for recovery under Section 55261 on or after January 1, 2000.
History—Added by Stats. 1999, Ch. 929 (AB 1638), in effect January 1, 2000.Stats. 2015, Ch. 303 (AB 731), in effect January 1, 2016, renumbered the section which was formerly Section 55262.