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Business Taxes Law Guide—Revision 2024
Tax on Insurers Law
Revenue and Taxation Code
Division 2. Other Taxes
Part 7. Insurance Taxation
Chapter 4. Assessment and Effect of Tax*
Article 1. Tax Returns and Initial Payments
Section 12307
12307. Interest on extension. [Repealed by Stats. 2013, Ch. 33 (SB 78) in effect June 27, 2013.]
12307. Interest on extension. [Repealed by Stats. 2013, Ch. 33 (SB 78), effective January 1, 2015.]
12307. Interest on extension. (a) Any insurer that is granted an extension shall pay, in addition to the tax, interest at the modified adjusted rate per month, or fraction thereof, established pursuant to Section 6591.5, from April 1 until the date of payment.
(b) This section shall become operative on July 1, 2013.
History—Added by Stats. 2013, Ch. 33 (SB 78), in effect June 27, 2013, but operative July 1, 2013.
* Stats. 1961, p. 1984, operative January 1, 1962, amended the title of Chapter 4 by substituting "Effect of Tax" for "Levy".