2005 California Revenue and Taxation Code Sections 19021-19027 Article 2. Banks and Corporations

19021.  In the case of taxpayers subject to the tax imposed by
Article 3 (commencing with Section 23181) of Chapter 2 of Part 11,
there shall be due and payable on or before the 15th day of the third
month following the close of the preceding year from each taxpayer a
percentage of its net income as disclosed by its return which is
equal to the rate applicable to corporations subject to the tax
imposed by Article 2 (commencing with Section 23151) of Chapter 2 of
Part 11 plus the personal property tax rate equivalent included in
the bank and financial corporation tax rate determination by the
Franchise Tax Board pursuant to Sections 23186 and 23186.1.  The
payment required by this section shall not be less than the minimum
tax specified in Section 23153.
19023.  For purposes of this article, in the case of a corporation
or an organization described in Section 23731, the term "estimated
tax" means the amount which the corporation or organization described
in Section 23731 estimates as the amount of the tax imposed by Part
11 (commencing with Section 23001) and the amount of its liability
for the tax of each wholly owned subsidiary under Section 23800.5;
but in no event shall the estimated tax of a corporation subject to
the tax imposed by Article 2 (commencing with Section 23151) of
Chapter 2 of Part 11 be less than the minimum tax prescribed in
Section 23153.
19025.  (a) If the amount of estimated tax does not exceed the
minimum tax specified by Section 23153, the entire amount of the
estimated tax shall be due and payable on or before the 15th day of
the fourth month of the taxable year.
   (b) Except as provided in subdivision (c), if the amount of
estimated tax exceeds the minimum tax specified by Section 23153, the
amount payable shall be paid in installments as follows:
                                  The following percentages of
                                  the estimated tax shall be
                                  paid on the 15th day of the--
                            _________________________________________
   If the requirements
   of this subdivision           4th       6th       9th       12th
     are first met--            month     month     month      month
  Before the 1st day
    of the 4th month of
    the
    taxable year   ...........  25 (but     25        25        25
                                not less
                                than the
                                minimum
                                tax pro-
                                vided in
                                Section
                                23153
                                and any
                                tax under
                                Section
                                23800.5)
  After the last day of
    the 3rd month and
    before the 1st day
    of the 6th month
    of the
    taxable year   .........    ____     33 1/3    33 1/3     33 1/3
  After the last day of
    the 5th month and
    before the 1st day
    of the 9th month
    of the
    taxable year    ........   ____      ____       50         50
  After the last day of
    the 8th month and
    before the 1st day
    of the 12th month
    of the
    taxable year    ........   ____      ____      ____       100
   (c) If a wholly owned subsidiary is first subject to tax under
Section 23800.5 after the last day of the third month of the taxable
year of owner, the amount of the next installment of estimated tax
under subdivision (b) after the wholly owned subsidiary is subject to
tax under Section 23800.5 shall not be less than the amount of the
tax of the wholly owned subsidiary under Section 23800.5 and an
amount equal to that amount shall be due and payable on the date the
installment is required to be paid.  For purposes of determining
which installment is the next installment of estimated tax under
subdivision (b), subdivision (b) shall be modified by substituting
"includes the tax of a wholly owned subsidiary under Section 23800.5"
for "exceeds the minimum tax specified by Section 23153."
19026.  If, after paying any installment of estimated tax required
by subdivision (b) of Section 19025, the taxpayer makes a new
estimate, the amount of each remaining installment (if any) shall be
the amount which would have been payable if the new estimate had been
made when the first estimate for the taxable year was made,
increased or decreased (as the case may be) by the amount computed by
dividing--
   (a) The difference between--
   (1) The amount of estimated tax required to be paid before the
date on which the new estimate is made, and
   (2) The amount of estimated tax which would have been required to
be paid before that date if the new estimate had been made when the
first estimate was made, by
   (b) The number of installments remaining to be paid on or after
the date on which the new estimate is made.
19027.  The application of this article to taxable years of less
than 12 months shall be in accordance with regulations prescribed by
the Franchise Tax Board.