Section 55262.5 - [Effective 1/1/2025] No interest if liable person in no way caused erroneous refund(a) Notwithstanding any other provision of this part, if the department finds that neither the person liable for payment of fees nor any party related to that person has in any way caused an erroneous refund for which an action for recovery is provided under Section 55261, no interest shall be imposed on the amount of that erroneous refund until 30 days after the date on which the department serves a notice of determination for repayment of the erroneous refund to the person. The act of filing a claim for refund shall not be considered as causing the erroneous refund.(b) This section shall be operative for any action for recovery under Section 55261 on or after January 1, 2000.Ca. Rev. and Tax. Code § 55262.5
Amended by Stats 2024 ch 499 (SB 1528),s 117, eff. 1/1/2025.Renumbered from Ca. Rev. and Tax. Code §55262 and amended by Stats 2015 ch 303 (AB 731),s 502, eff. 1/1/2016.This section is set out more than once due to postponed, multiple, or conflicting amendments.