California Revenue and Taxation Code 19136.7 – (a) No additions to tax shall be made under Section 19136 or …
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(a) No additions to tax shall be made under Section 19136 or 19142 with respect to any underpayment of an installment for a taxable year, to the extent that the underpayment was created or increased as the direct result of an erroneous levy, erroneous processing action, or erroneous collection action by the Franchise Tax Board.
(b) The Franchise Tax Board shall implement this section in a reasonable manner.
Terms Used In California Revenue and Taxation Code 19136.7
- board: means the California Department of Tax and Fee Administration. See California Revenue and Taxation Code 20
(Added by Stats. 2005, Ch. 349, Sec. 3. Effective January 1, 2006.)