California Revenue and Taxation Code 2326 – If a local agency fails to file the report required by Section 2325 …
Current as of: 2024 | Check for updates
|
Other versions
If a local agency fails to file the report required by Section 2325 by October 15, the Controller, in the succeeding fiscal year, shall reduce by 10 percent or five thousand dollars ($5,000), whichever is less, the payment he is required to make to such agency based on claims filed pursuant to § 16113 of the Government Code.
(Added by Stats. 1973, Ch. 358.)
Terms Used In California Revenue and Taxation Code 2326
- Controller: means the State Controller. See California Revenue and Taxation Code 21
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.