The Controller shall reduce the amount postponed pursuant to this chapter by the amounts of any payment received for that purpose and by notification by the Franchise Tax Board of assistance payable pursuant to Chapter 1 (commencing with Section 20501). The Controller shall increase the amount postponed to reflect subsequent postponement payments pursuant to this chapter and accrued interest.
Cal. Rev. & Tax. Code § 20635
Senior Citizens Tenant-Stockholder Property Tax Postponement Law
Known as the Senior Citizens Tenant-Stockholder Property Tax Postponement Law
The act spans §§ 20625–20638 (13 sections).
Added by Stats. 1978, Ch. 43.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.