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§ 14213. Interest on Tax Attributable to Dwelling.

18 CA ADC § 14213Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 18. Public Revenues
Division 2.5. State Controller (Refs & Annos)
Chapter 1. Inheritance Tax (Refs & Annos)
Article 8.3. Tax Compromises
18 CCR § 14213
§ 14213. Interest on Tax Attributable to Dwelling.
Currentness
In the case of any tax attributable to a dwelling which becomes delinquent and is being paid in installments pursuant to the provisions of Revenue and Taxation Code Section 14213, the delinquent amount shall bear interest at the rate of 7 percent per annum subject to the following conditions:
(a) In any year in which the annual installment is not paid on or before the date prescribed,the interest for that year shall accrue at the rate of 12 percent per annum.
(b) The rate of interest shall be increased to 12 percent per annum from and after 60 days following the occurrence of any of the following:
(1) The dwelling is sold; or
(2) The transferee no longer maintains the dwelling as the transferee's principal place of residence.
(c) On and after the date which is 5 years after the date upon which the tax attributable to a dwelling becomes delinquent, any unpaid balance of tax shall thereafter bear interest at the rate of 12 percent per annum.

Credits

Note: Authority cited: Section 14740, Revenue and Taxation Code. Reference: Section 14213, Revenue and Taxation Code, and Stats. 1978, Ch. 1096.
History
1. New section filed 2-28-80; effective thirtieth day thereafter (Register 80, No. 9).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 18, § 14213, 18 CA ADC § 14213
End of Document