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Section 38606 Of Article 1. Claim For Refund From California Revenue And Taxation Code >> Division 2. >> Part 18.5. >> Chapter 7. >> Article 1.
38606
. Interest shall be paid upon any overpayment of any amount of
tax at the adjusted annual rate established pursuant to Section
19521 from the last day of the calendar month following the quarterly
period for which the overpayment was made; but no refund or credit
shall be made of any interest imposed upon the person making the
overpayment with respect to the amount being refunded or credited.
The interest shall be paid as follows:
(a) In the case of a refund, to the last day of the calendar month following the date upon which the person making the overpayment, if he or she has not already filed a claim, is notified by the board that a claim may be filed or the date upon which the claim is approved by the board, whichever date is the earlier.
(b) In the case of a credit, to the same date as that to which interest is computed on the tax or amount against which the credit is applied.
(a) In the case of a refund, to the last day of the calendar month following the date upon which the person making the overpayment, if he or she has not already filed a claim, is notified by the board that a claim may be filed or the date upon which the claim is approved by the board, whichever date is the earlier.
(b) In the case of a credit, to the same date as that to which interest is computed on the tax or amount against which the credit is applied.
