Interest Rates Remains the Same
The adjusted interest rate has been determined for the period January 1, 2013, through June 30, 20131. Currently, interest rates are three percent, and will remain three percent at the first of the year. This rate is compounded daily and accrues with respect to various state taxes including: personal income, corporate income, and franchise. The rate for corporation tax overpayments for the period will remain zero percent.
1 Pursuant to R&TC Section 19521.