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Corporation taxes: underpayments: penalty.

This bill failed and is no longer moving.

CA AB 697 · Assembly Bill · 2009–2010

Stage
Failed
Started in
Assembly
Sponsor
1
Latest action
Nov 30, 2010

What it does

The Corporation Tax Law, for taxable years beginning on or after January 1, 2003, imposes a penalty on a tax payer with an understatement of tax in excess of $1,000,000 in an amount equal to 20% of that understatement.

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Where it stands

This bill failed and is no longer moving.

Failed

This bill failed and is no longer moving.

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

  • Charles CalderonLead sponsor

In the news

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Where it goes next

Once a bill is decided, the questions are about what is done with it in California.

Work with this bill

Corporation taxes: underpayments: penalty. | 52