California Prompt Payment Act: late payment penalties for certain businesses during peak fire season.

California AB1177 amends the California Prompt Payment Act to provide exceptions to late payment penalties for certain businesses during peak fire protection staffing periods. Specifically, if an invoice from a business under contract with the Department of Forestry and Fire Protection would become subject to late payment penalties during the peak fire protection staffing period, the required payment approval date is extended by 30 calendar days. Exceptions apply to resource conservation districts, certified small businesses, nonprofit organizations, and nonprofit public benefit corporations.

California Prompt Payment Act: late payment penalties for certain businesses during peak fire season.

California AB1177 amends the California Prompt Payment Act to provide exceptions to late payment penalties for certain businesses during peak fire protection staffing periods. Specifically, if an invoice from a business under contract with the Department of Forestry and Fire Protection would become subject to late payment penalties during the peak fire protection staffing period, the required payment approval date is extended by 30 calendar days. Exceptions apply to resource conservation districts, certified small businesses, nonprofit organizations, and nonprofit public benefit corporations.