Home > Hot News and Notes

Interest rates for second half of 2008

Wednesday, February 20, 2008

Interest rates for second half of 2008

For the period July 1, 2008, through December 31, 2008, California tax agencies will charge these interest rates on underpayments and overpayments:

Franchise Tax Board

7% for personal income tax underpayments and overpayments and corporate underpayments
3% for corporate overpayments

Board of Equalization (sales and use taxes)

10% for underpayments
3% for overpayments

Employment Development Department

7% for underpayments
No interest for overpayments

Spot tax trends in motion. Get up to speed with Spidell's
enhanced FREE Tax Flash E-Mail.

Printer Friendly Send to a Friend

This information is provided with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional advice and assumes no liability whatsoever in connection with its use. Because tax laws are constantly changing, and are subject to differing interpretations, we urge you to do additional research before acting on the information contained in this document.

Original material in Spidell's California Taxes On-Line is copyrighted and may be reproduced for educational purposes or quoted by crediting Spidell's California Taxes On-Line.

Spidell's California Taxes On-Line is operated by Spidell Publishing, Inc., P.O. Box 61044, Anaheim, CA 92803-6144. FAX: (714) 776-9906.

User Agreement By entering this site you agree to the terms of our USER AGREEMENT