§ 19112
61 words·~1 min read·
/ca/revenue-and-taxation-code/19112A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Interest may be waived for any period for which the Franchise Tax Board determines that an individual or fiduciary demonstrates inability to pay that interest solely because of extreme financial hardship caused by significant disability or other catastrophic circumstance. Any waiver under this section shall be withdrawn retroactively if made because of fraud, malfeasance, misrepresentation, or omission of any material fact.