Revenue and Taxation Code - RTC
DIVISION 2. OTHER TAXES [6001 - 61050]
( Heading of Division 2 amended by Stats. 1968, Ch. 279. ) PART 9.5. GENERATION SKIPPING TRANSFER TAX [16700 - 16950]
( Part 9.5 added by Stats. 1977, Ch. 1079. ) CHAPTER 3. Payment of Tax [16750 - 16761]
( Chapter 3 added by Stats. 1977, Ch. 1079. ) ARTICLE 2. Interest and Penalties [16760 - 16761]
( Article 2 added by Stats. 1977, Ch. 1079. ) 16760.
If the tax is not paid before it becomes delinquent, it bears interest thereafter and until it is paid at the same rate per annum as provided in Section 6621(a)(2) of the Internal Revenue Code, compounded daily.
(Amended by Stats. 2000, Ch. 363, Sec. 8. Effective September 8, 2000. Operative January 1, 2001, by Sec. 11 of Ch. 363.)