BlackletterCalifornia law

Revenue and Taxation Code § 12414

ARTICLE 2. Initial Assessments

Current as of September 28, 2026Rev. & Tax. Code, § 12414Official source ↗

Added by Stats. 1961, Ch. 740.

In making an initial assessment the board may offset an overpayment for one calendar year against an underpayment for another calendar year, against penalties, and against any interest on an underpayment.