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State of California Franchise Tax Board

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Interest Rates Stay the Same

Pursuant to Revenue and Taxation Code Section 19521, we determined the adjusted interest rate as three percent for the period July 1, 2014, through December 31, 2014. 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 this period is zero percent.

If you are interested in viewing the previous interest and estimate penalty rates, go to ftb.ca.gov and search for interest rates.

Back to April 2014 Tax News

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