No Change to Interest Rates
The adjusted interest rate has been determined for the period January 1, 2011, through June 30, 2011.1 The interest rate will remain at four (4) percent. This is the rate compounded daily that accrues with respect to various state taxes including: personal income, corporate income, and franchise. The rate for corporation tax overpayments for the period is zero (0) percent.
1Pursuant to Section 19521 (formerly 19269) of the Revenue and Taxation Code