Is Cal. Rev. & Tax. Code § 12422 — Deficiency Assessments still in force?

Statute · California Revenue and Taxation Code

Cal. Rev. & Tax. Code § 12422 — Deficiency Assessments

Cal. Rev. & Tax. Code § 12422

Type: Statute
Source: California Revenue and Taxation Code
Jurisdiction: California
Date: 2013-06-27
Current through: Nov 2, 2026 (California Legislative Counsel)

(a) If the commissioner determines that the amount of tax disclosed by the insurer’s tax return and assessed by the board is less than the amount of tax disclosed by his or her examination, he or she shall propose, in writing, to the board a deficiency assessment for the difference. The proposal…

Citator

Cal. Rev. & Tax. Code § 12422 — Deficiency Assessments is in force in the current edition of the Code, and nothing recorded condemns it.

(b) If the commissioner determines that the amount of tax disclosed by the surplus line broker’s tax return is less than the amount of tax disclosed by his or her examination, he or she shall propose, in writing, to the board a deficiency assessment for the difference. The proposal shall set forth the basis for the deficiency assessment and the details of its computation.