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Business Taxes Law Guide—Revision 2024
Fee Collection Procedures Law
Revenue and Taxation Code
Division 2. Other Taxes
Part 30. Fee Collection Procedures Law
Chapter 2. Fee
55021. Requirement to register with Board; registration of feepayer. Every person who owes a fee which is subject to this part shall register with the board.
55022. Security. The board, whenever it deems necessary to ensure compliance with this part, may require any person subject to this part to place with it any security that the board determines to be reasonable, taking into account the circumstances of that person. The board may sell the security at public auction if it becomes necessary to do so in order to recover any fee or any amount required to be collected, including any interest or penalty due. Notice of the sale shall be served upon the person who placed the security personally or by mail.
If service is made by mail, the notice shall be addressed to the person at his or her address as it appears in the records of the board. Service shall be made at least 30 days prior to the sale in the case of personal service, and at least 40 days prior to the sale in the case of service by mail. Upon any sale, any surplus above the amounts due shall be returned to the person who placed the security.
History—Stats. 1994, Ch. 903 (SB 1733), in effect January 1, 1995, deleted the third sentence of the second paragraph which read: "Security in the form of a bearer bond issued by the United States or the State of California which has a prevailing market price may, however, be sold at private sale at a price not lower than the prevailing market price thereof."