GroundRules
RTC § 38565
Where this section sits in the code
- Revenue and Taxation Code - RTC
- DIVISION 2. OTHER TAXES [6001. - 61050.]
- PART 18.5. TIMBER YIELD TAX [38101. - 38908.]
- CHAPTER 6. Collection of Taxes [38501. - 38578.]
- ARTICLE 7. Payment on Termination of Business and Successor’s Liability [38561. - 38565.]
If at the time a business is discontinued the board holds security pursuant to Section 38501 in the form of cash, government bonds, or insured deposits in banks or savings and loan institutions, this security when applied to the account of the taxpayer shall be deemed to be a payment on account of any liability of the taxpayer to the board on the date the business is discontinued.
Collected 2026-09-14T05:56:33Z. Source file · JSON