California Revenue and Taxation Code ARTICLE 2 - Interest and Penalties

• Section 12631.
  (a) Any insurer that fails to pay any tax, except a tax determined as a deficiency assessment by the board under Article 3 (commencing with Section...
• Section 12631.5.
  (a) If the board finds, taking into account all facts and circumstances, that it is inequitable to compute interest at the modified adjusted rate per month...
• Section 12632.
  (a) An insurer that fails to pay any deficiency assessment when it becomes due and payable shall, in addition to the deficiency assessment, pay a penalty...
• Section 12633.
  When a deficiency assessment is made on the basis of a proposal submitted by the commissioner pursuant to Section 12423 a penalty of 10 percent...
• Section 12634.
  When a deficiency assessment is made on the basis of a proposal submitted by the commissioner pursuant to Section 12422 and any part of the...
• Section 12635.
  If any part of a deficiency for which a deficiency assessment is made is due to fraud, a penalty of 25 percent of the amount...
• Section 12636.
  (a) If the board finds that an insurer’s failure to make a timely return or payment is due to reasonable cause and to circumstances beyond the...
• Section 12636.5.
  (a) Every payment on an insurer’s or surplus line broker’s delinquent annual tax shall be applied as follows:(1) First, to any interest due on the tax.(2) Second, to...
• Section 12637.
  If the board finds that a person’s failure to make a timely return or payment was due to disaster, and occurred notwithstanding the exercise of...

Last modified: October 22, 2018