Section 55225 Of Article 1. Claim For Refund From California Revenue And Taxation Code >> Division 2. >> Part 30. >> Chapter 5. >> Article 1.
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. Interest shall be computed, allowed, and paid upon any
overpayment of any amount of fee at the modified adjusted rate per
month established pursuant to Section 6591.5, from the first day of
the monthly period following the period during which the overpayment
was made. For purposes of this section, "monthly period" means the
period commencing on the day after the due date of the payment and
continuing through the same date in the immediately following month.
In addition, a refund or credit shall be made of any interest imposed
upon the claimant 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 monthly period
following the date upon which the claimant, 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 earlier.
(b) In the case of a credit, to the same date as to that to which
interest is computed on the fee or amount against which the credit is
applied.