SB 591: Taxation: electronic payments: penalties.

Existing law requires that any payment required to be remitted to the Franchise Tax Board by an individual pursuant to specified law be remitted electronically in the form and manner prescribed by the Franchise Tax Board if specified conditions are met. Existing law, where payment is required to be made electronically but is made by some other means instead, imposes a penalty equal to 1% of the amount paid, except as provided.

This bill would would, for payments made on or after January 1, 2026, change the penalty for the above-described violations violation to instead be $100 waived for the first violation and $500 for each subsequent violation.