SECTIONS 11351-11354 - California Statutes

REVENUE AND TAXATION CODE

SECTION 11351-11354

11351. If at any time after the lien date the board believes that
the collection of all or part of the tax imposed by this part will be
jeopardized by delay, it shall immediately determine the assessed
value of the property and the tax rate to be applied. From these it
shall compute the amount of tax together with any interest and
penalties. The amount so determined shall be due and payable upon
service of a notice of assessment upon the person assessed and shall
be final 10 days after service unless the person assessed within such
10-day period petitions for reassessment.

11352. The notice of assessment shall be inscribed "jeopardy
assessment" and shall be served upon the assessee in the manner
prescribed in Section 11312. It shall contain in addition to the
information prescribed in Section 11404 notice that the tax,
interest, and penalties are due and payable at the time of service
and will be delinquent 10 days thereafter unless they are paid or a
petition for reassessment is filed.

11353. The person against whom a jeopardy assessment is made may
file a petition for reassessment with the board within 10 days of
service upon him of the notice of assessment. At the time of filing
the petition the person shall deposit with the board such security as
the board may deem necessary to insure payment of the amount due.

11354. A jeopardy assessment is delinquent at the time it becomes
final, and if unpaid at this time, a penalty of 10 percent of the tax
shall be added thereto, plus interest on the amount of tax at the
adjusted annual rate established pursuant to Section 19521 from the
date on which the tax becomes due and payable until the date of
payment.