Amended
IN
Senate
March 25, 2020 |
Introduced by Senator Bradford |
February 21, 2020 |
Existing law requires the Port of Los Angeles and the Port of Long Beach to evaluate changes to the goods movement network to gauge adherence by those ports to certain state goals related to usage of, and congestion at, the ports and to collect statistics on the operation of the ports regarding compliance with federal, state, and local efforts to achieve specified objectives. Existing law requires the ports to provide certain statistical data on imports and exports to a specified state agency, state office, and the Assembly and Senate Committees on Transportation on or before January 31, 2006, and annually thereafter through 2008.
This bill would repeal the obsolete data reporting provision.
(a)In the case of a qualified taxpayer, no penalty shall be assessed under Section 19132 if the return is filed timely (not later than the extended due date granted under Section 18567 or 18604) and the tax required to be paid on or before the due date of the return, without regard to extension, is paid within the following time:
(1)In the case of an individual, partnership, or fiduciary, within six months of the original due date of the return.
(2)In the case of a corporation, within seven months of the original due date of the return.
(b)Any penalty imposed under Section 19132 shall be assessed from the original due date of the return if the taxpayer fails to pay the tax within the time specified in this section.
(c)This section shall apply to payment of the amount shown as tax on the original returns required to be filed during calendar year 1994.
(d)For purposes of this section, “qualified taxpayer” means any corporation, fiduciary, partnership, or individual taxpayer to whom one of the following applies as a result of the Northridge earthquake of January 1994, any related aftershock, or any related casualty:
(1)The
qualified taxpayer sustained any significant property loss.
(2)The qualified taxpayer suffered a loss of employment due to property damage suffered by his or her employer.
(3)The qualified taxpayer realized significant loss of business income from a business located within the Northridge earthquake area.