SECTIONS 13550-13552 - California Statutes

REVENUE AND TAXATION CODE

SECTION 13550-13552

13550. (a) The tax imposed by this part does not bear interest if
it is paid prior to the date on which it otherwise becomes
delinquent. However, if the tax is paid after that date, the tax
bears interest at the rate for underpayment of estate tax provided in
Section 6621(a)(2) of the Internal Revenue Code from the date it
became delinquent and until it is paid. Interest under this section
shall be compounded daily.
(b) The amendments made by Chapter 323 of the Statutes of 1998
shall apply to delinquent amounts unpaid on or after January 1, 1999,
to December 31, 2000, inclusive.

13551. Every payment on the tax imposed by this part is applied,
first, to any interest due on the tax, secondly, to any penalty
imposed by this part, and then, if there is any balance, to the tax
itself.

13552. All interest and penalties provided in this chapter shall be
treated and collected in the same manner as taxes.