{"data":{"id":"us-ca/rtc-12414","jurisdiction":"us-ca","citation":"RTC § 12414","heading":"","body":"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.","path":["Revenue and Taxation Code - RTC","DIVISION 2. OTHER TAXES [6001. - 61050.]","PART 7. INSURANCE TAXATION [12001. - 13170.]","CHAPTER 4. Assessment and Effect of Tax [12301. - 12495.]","ARTICLE 2. Initial Assessments [12411. - 12414.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"e9074815ddaf33ea0a0b7fab279b175374cb53df86d6b1688fe51b9ec1ce634b","source_id":"us-ca","stale":false,"prev":"us-ca/rtc-12413","next":"us-ca/rtc-12421"},"notice":"GroundRules: Original legal text. Not legal advice."}