Cal. Rev. & Tax. Code § 2326
Current through the 2023 Legislative Session.
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 Section 16113 of the Government Code.
Ca. Rev. and Tax. Code § 2326