CA AB2556

Allows State Board of Equalization members, meeting as a public body, to waive all or part of interest on unpaid use tax when the board discovers nonpayment through information obtained from the United States Customs Service

Applies only to persons with gross business receipts under $250,000 annually, or if no business operations, gross adjusted income under $250,000

Requires the use tax to be remitted within 90 days of board notification of nonpayment to qualify for interest relief

Adds this provision to existing circumstances where the board may waive interest, including errors by board employees or Department of Motor Vehicles miscalculations

Relief applies only to tax liabilities arising from taxable periods beginning on or after July 1, 1999