FTB sets interest rates for second half of 2019 - Spidell

FTB sets interest rates for second half of 2019

The FTB has released the interest rates for the period July 1, 2019, through December 31, 2019.

The adjusted interest rate for personal tax underpayments/overpayment and corporate underpayments is increased from 5% to 6% per year. 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 will remain at 2% per year.

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