CA AB2375

Allows the State Board of Equalization to relieve all or any part of interest imposed on unpaid sales and use taxes if the board finds the failure to pay timely was due to extraordinary circumstances and it is inequitable to compute interest under existing law

Defines "extraordinary circumstances" as death or serious illness of the person or next of kin, an emergency as defined in Government Code Section 8558, or criminal misconduct by another person that caused the payment failure

Requires a person seeking relief to have been granted relief from all penalties, pay the amount due on which interest was imposed, request an oral hearing before the board, and file a statement under penalty of perjury with supporting facts

Limits aggregate relief granted to all persons to $50,000 in any 12-month period without further statutory authorization

Allows the board to rescind any relief granted and reestablish interest liabilities without regard to statute of limitations if the person fails to comply with payment requirements