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Business Taxes Law Guide—Revision 2024
Energy Resources Surcharge Law
Revenue and Taxation Code
Division 2. Other Taxes
Part 19. Energy Resources Surcharge Law
Chapter 5. Overpayments and Refunds
Article 3. Suit for Refund
Section 40130
40130. Interest. In any judgment, interest shall be allowed at the modified adjusted rate per annum established pursuant to Section 6591.5, upon the amount found to have been illegally collected from the date of payment of the amount to the date of allowance of credit on account of the judgment or to a date preceding the date of the refund warrant by not more than 30 days, the date to be determined by the board.
History—Stats. 1977, Ch. 624, added "to and including December 31, 1977, and at the rate of 12 percent per annum thereafter" following "6 percent per annum". Stats. 1982, Ch. 5, first Extra Session, in effect May 27, 1982, substituted "adjusted … 19269" for "rate … thereafter" before "upon." Stats. 1984, Ch. 1020, operative July 1, 1985, added "modified" before "adjusted," deleted "annual" before "rate," added "per annum" after "rate," and substituted "Section 6591.5" for "Section 19269".