California Legal Codes and Statutes

§ 12426

Added by Stats. 1961, Ch. 740.

In making a deficiency assessment the board may offset an overpayment for one calendar year against an underpayment for another calendar year, against penalties and against any interest on an underpayment.

Cite this section

Cal. Rev. & Tax. Code § 12426 (2026)
https://ca.codecond.com/codes/rtc/division-2-other-taxes/part-7-insurance-taxation/chapter-4-assessment-and-effect-of-tax/article-3-deficiency-assessments/section-12426

Other sections in Article 3 - Deficiency Assessments

§ 12421§ 12422§ 12423§ 12424§ 12425§ 12426§ 12427§ 12428§ 12429§ 12430§ 12431§ 12432§ 12433§ 12434§ 12435

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