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§ 26000.61015. Indexing of applicable dollar amount.

18 CA ADC § 26000.61015Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 18. Public Revenues
Division 3. Franchise Tax Board
Chapter 4. Individual Shared Responsibility Penalty
18 CCR § 26000.61015
§ 26000.61015. Indexing of applicable dollar amount.
(a)(1) In any calendar year after 2019, the applicable dollar amount is $695 as increased or decreased by the product of $695 and the cost-of-living adjustment determined under paragraph (2) of subdivision (d) of section 61015 of the Revenue and Taxation Code for the calendar year.
(2) If the applicable dollar amount as increased or decreased by this regulation is not a multiple of $50, the applicable dollar amount is rounded down to the next multiple of $50.

Credits

Note: Authority cited: Section 61030, Revenue and Taxation Code. Reference: Section 61015, Revenue and Taxation Code.
History
1. New section filed 12-17-2020; operative 12-17-2020. Submitted to OAL for filing and printing only pursuant to Revenue and Taxation Code section 61030(c) (Register 2020, No. 51).
This database is current through 3/15/24 Register 2024, No. 11.
Cal. Admin. Code tit. 18, § 26000.61015, 18 CA ADC § 26000.61015
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