Existing law requires that any payments required to be remitted to the Franchise Tax Board pursuant to specified laws be remitted by electronic funds transfer if specified conditions are met. Existing law, where payment is required to be made by electronic funds transfer but is made by some other means instead, imposes a penalty equal to 10% of the amount paid, except as provided.
Existing law requires that any payment required to be remitted to the Franchise Tax Board by an individual pursuant to specified law be remitted electronically in the form and manner prescribed by the Franchise Tax Board if specified conditions are met. Existing law, where payment is required to be made electronically but is made by some other means instead, imposes a penalty equal to 1% of the amount paid, except as provided.
This bill would change the penalty for the above-described violations to instead be $100 for the first violation and $500 for each subsequent violation.

Statutes affected:
03/26/25 - Amended Senate: 19011 RTC, 19011 RTC, 19011.5 RTC, 19011.5 RTC