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2018 California Code
Revenue and Taxation Code - RTC
DIVISION 2 - OTHER TAXES
PART 1 - SALES AND USE TAXES
CHAPTER 8 - Administration
ARTICLE 2.5 - Managed Audit Program
Section 7076.4.
Universal Citation: CA Rev & Tax Code § 7076.4 (2018)
7076.4.
Upon completion of the managed audit and verification by the board, interest on any unpaid liability shall be computed at one-half the rate that would otherwise be imposed for liabilities covered by the audit period. Payment of the liabilities and interest shall be made within the time period specified by the board. If the requirements for the managed audit are not satisfied, the board may proceed to examine the records of the taxpayer in a manner to be determined by the board under law.
(Added by Stats. 2003, Ch. 87, Sec. 1. Effective January 1, 2004.)
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