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FTB interest rates for the first half of 2019


The FTB has released the interest rates for the period January 1, 2019, through June 30, 2019.

The adjusted interest rate for personal tax underpayments/overpayment and corporate underpayments is 5% per year (increased from 4% for the period July 1, 2018, through December 31, 2018). This is the rate compounded daily that accrues with respect to various state taxes, including personal income, corporate income, and franchise tax.

The rate for corporate tax overpayments for is 2% per year (increased from 1% for the period July 1, 2018, through December 31, 2018).