(5% FTB: new adjusted interest rate.
| Position | CalCPA News |
The adjusted interest rate will drop to 5 percent from 7 percent, effective Jan. 1-June 30, 2009. The interest rate (California Rev. and Tax. Code Sec. 19521, formerly 19269) is compounded daily and accrues for personal income, corporate income and franchise taxes. The rate...
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