SECTIONS 11426-11430 - California Statutes

REVENUE AND TAXATION CODE

SECTION 11426-11430

11426. When it can be determined by any report or from any papers
of the board what was intended or what should have been assessed,
defects in form or clerical errors of the board in assessing private
railroad cars may be corrected by the board under this chapter at any
time within four years after the assessment was made.

11427. If the correction will increase the amount of tax due, the
board shall give the assessee opportunity for a hearing after at
least 10 days' notice at which he may present his objections to the
change. The board's decision is final.

11428. The date and nature of the correction shall be entered in
the records of the board and a statement of the correction of the
assessment shall be mailed to the assessee.

11429. If the amount of the tax is increased the additional tax
shall be paid to the board on or before December 10th following the
levy of the tax, or on or before the fifteenth day following the date
of mailing the statement, whichever is the later.

11430. If the additional tax is not paid within the time specified
in Section 11429, it is delinquent and a penalty of 10 percent of the
amount of the additional tax shall be added thereto, plus interest
on the amount of the additional tax at the adjusted annual rate
established pursuant to Section 19521 from the date on which the
additional tax became due and payable until the time of payment.