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Cal. Rev. & Tax. Code § 12636.5

Interest and Penalties

Showing this section's text as in effect on January 1, 2013 (in force January 1, 2013 – January 1, 2015). View current text →

(a) Every payment on an insurer’s, surplus line broker’s, or Medi-Cal managed care plan’s delinquent annual tax shall be applied as follows:

(1) First, to any interest due on the tax.

(2) Second, to any penalty imposed by this part.

(3) The balance, if any, to the tax itself.

(b) This section shall be operative on July 1, 2012, and become inoperative on July 1, 2013. As of January 1, 2015, this section shall be repealed.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.