Section 19135 - Penalty for failure to make and file return by entity doing business in this state(a)(1) The Franchise Tax Board shall impose a penalty of two thousand dollars ($2,000) per taxable year whenever an entity described in paragraph (2) is doing business in this state, within the meaning of Section 23101, and fails to make and file a return as required by this part, within 60 days after the Franchise Tax Board sends the taxpayer a notice and demand to file the required tax return, unless the failure is due to reasonable cause and not willful neglect.(2)(A) A foreign corporation or a foreign limited liability company that fails to qualify to do business in this state or whose powers, rights, and privileges have been forfeited.(B) A domestic corporation or a domestic limited liability company that has been suspended.(b) The penalty shall be in addition to any other penalty that may be due under this part.Ca. Rev. and Tax. Code § 19135
Added by Stats 2012 ch 313 (AB 318),s 3, eff. 1/1/2013.