FTB interest rate adjustment - Spidell

FTB interest rate adjustment


For the period January 1, 2020, through June 30, 2020, the adjusted interest rate is 5%. This is the rate compounded daily that accrues with respect to various state taxes including: personal income, corporate income, and franchise taxes. (R&TC §19521)

The rate for corporation tax overpayments for the period is 2%.

To see a list of historical rates, go to:

www.caltax.com/wp-content/uploads/2019/07/ftb-interest-rates-2016-2019-16-07-160733.pdf