SB 1496 Summary

• Authorizes California Department of Tax and Fee Administration (CDTFA) to extend tax/fee payment deadlines by up to 3 months during gubernatorial state of emergency proclamations for affected areas.

• Allows CDTFA to grant relief from penalties and interest during state of emergency periods, limited to the first 12 months following proclamation or duration of emergency, whichever is less.

• Enables CDTFA to serve notices of levy by electronic transmission in addition to personal service or first-class mail for tax collection purposes.

• Extends authority to compromise final tax liabilities without dollar limits until January 1, 2028 (previously limited to $7,500 or less) and permits lien release/subordination in best interest of state and non-taxpayer property interest holders.

• Establishes 0% gross premiums tax rate for qualified annuity funding assets effective January 1, 2023, and allows delayed compliance schedules for vehicle dealers with vehicle sales tax collection requirements until January 1, 2026.