The California Franchise Tax Board recently announced that it will be increasing the interest rate for personal, corporate, and franchise taxes from three to four percent beginning January 1, 2017. The rate for corporation tax overpayments will remain zero percent. The interest rate has not changed since July 1, 2012.
California Tax Agency Interest Rates Scheduled to Increase in 2017
On behalf of Law Office of Williams & Associates, P.C. | Aug 1, 2016 | FTB