Section 19136.3 Of Article 7. Penalties And Additions To Tax From California Revenue And Taxation Code >> Division 2. >> Part 10.2. >> Chapter 4. >> Article 7.
19136.3
. (a) Section 6654(d)(1)(B) of the Internal Revenue Code is
modified to additionally provide that clause (ii) shall not apply if
the adjusted gross income shown on the return of the individual for
the taxable year is equal to or greater than $1 million ($500,000 in
the case of a married individual filing a separate return).
(b) This section shall apply to taxable years beginning on or
after January 1, 2009.