Revenue and Taxation Code section 2326

If a local agency fails to file the report required by Section 2325 by October 15, the Controller, in the succeeding fiscal year, shall reduce by 10 percent or five thousand dollars ($5,000), whichever is less, the payment he is required to make to such agency based on claims filed pursuant to Section 16113 of the Government Code.

Source: Section 2326, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=RTC§ionNum=2326.­ (updated Jan. 1, 1973; accessed Jun. 30, 2025).

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Verified:
Jul. 7, 2025

§ 2326's source at ca​.gov