Cal. Revenue and Taxation Code § 40116
Cal. Revenue and Taxation Code § 40116
California · California Revenue and Taxation Code · Status: effective · Effective 1998-01-01
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- Citation
- Cal. Revenue and Taxation Code § 40116, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/923217
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Full text
Interest at the modified adjusted rate per month established pursuant to Section 6591.5, shall be paid upon any overpayment of any amount of surcharge from the first day of the calendar month following the month during which the overpayment was made. In addition, a refund or credit shall be made of any interest imposed upon the person making the overpayment with respect to the amount being refunded or credited.
The interest shall be paid as follows:
(a) In the case of a refund, to the last day of the calendar month following the date upon which the person making the overpayment, if he or she has not already filed a claim, is notified by the board that a claim may be filed or the date upon which the claim is approved by the board, whichever date is the earlier.
(b) In the case of a credit, to the same date as that to which interest is computed on the surcharge or amount against which the credit is applied.