Revenue and Taxation Code section 38423

The amount of the determination, exclusive of penalties, shall bear interest at the modified adjusted rate per month, or fraction thereof, as defined in Section 6591.5, from the last day of the month following the quarterly period for which the amount or any portion thereof should have been returned until the date of payment.

Source: Section 38423, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=38423. (updated Jan. 1, 2022; accessed Oct. 13, 2025).

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Verified:
Oct. 13, 2025

§ 38423's source at ca.gov

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Location: https://california.public.law/codes/revenue_and_taxation_code_section_38423

Original Source: Section 38423, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=38423. (last accessed May 12, 2025).