Laws, Regulations and Annotations


Business Taxes Law Guide – Revision 2022

Motor Vehicle Fuel Tax Law

Revenue and Taxation Code

Division 2. Other Taxes
Part 2. Motor Vehicle Fuel Tax Law

Chapter 6. Collection of Tax.

Article 4. Collection of Tax from Deposited Security

Section 7916

7916. Collection from deposited security. Upon receipt of a certificate of the Controller setting forth the amount of a taxpayer's delinquencies, the board shall pay to the Controller the amount so certified from the money deposited with the board by the taxpayer or from the amounts received from the sale of bonds or other obligations deposited with the board by the taxpayer. Securities deposited with the board which have a prevailing market price may be sold by the board for the purposes of this section at private sale at a price not lower than the prevailing market price thereof.

History—Stats. 1959, p. 2471, in effect September 18, 1959, completely revised section which formerly provided for a suit to effect bond forfeiture. Stats. 1987, Ch. 38, in effect January 1, 1988, deleted all references to the State Treasurer and substituted the board.

Right to exemption.—In an action under this section as it read prior to 1959 to collect the tax no exemption or deduction may be recognized that was not claimed in the distributor's report. People v. Sterling Refining Co., (1927) 86 Cal.App. 558.