REVENUE AND TAXATION CODE
SECTION 16760-16761
16760. If the tax is not paid before it becomes delinquent, it
bears interest thereafter and until it is paid at the same rate per
annum as provided in Section 6621(a)(2) of the Internal Revenue Code,
compounded daily.
16761. Every payment on the tax imposed by this part is applied,
first, to any interest due on the tax, and then, if there is any
balance, to the tax itself.
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