There is a newer version of the California Code
2007 California Revenue and Taxation Code Article 2. Initial Assessments
CA Codes (rtc:12411-12414)
REVENUE AND TAXATION CODESECTION 12411-12414
12411. A duplicate copy of each tax return received by the commissioner shall be promptly forwarded to the board. 12412. Upon receipt of the duplicate copy of the return of an insurer the board shall initially assess the tax in accordance with the data as reported by the insurer on the return. 12413. The board shall promptly transmit notice of its initial assessment to the commissioner and the Controller, and if the initial assessment differs from the amount computed by the insurer, notice shall also be given to the insurer. 12414. In making an initial assessment the board may offset an overpayment for one calendar year against an underpayment for another calendar year, against penalties, and against any interest on an underpayment.
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