California SB591 mandates electronic payment for certain tax liabilities and outlines penalties for non-compliance.

California SB591 requires taxpayers to remit payments electronically to the Franchise Tax Board under specific conditions, such as exceeding certain tax liability thresholds. The bill sets penalties for non-compliance, including a $100 penalty for the first failure and $500 for subsequent failures, unless the failure is due to reasonable cause and not willful neglect. The Franchise Tax Board may waive penalties for a taxpayer's first violation starting from January 1, 2026. The bill also allows taxpayers to request waivers for electronic payment requirements under certain conditions.

California SB591 mandates electronic payment for certain tax liabilities and outlines penalties for non-compliance.

California SB591 requires taxpayers to remit payments electronically to the Franchise Tax Board under specific conditions, such as exceeding certain tax liability thresholds. The bill sets penalties for non-compliance, including a $100 penalty for the first failure and $500 for subsequent failures, unless the failure is due to reasonable cause and not willful neglect. The Franchise Tax Board may waive penalties for a taxpayer's first violation starting from January 1, 2026. The bill also allows taxpayers to request waivers for electronic payment requirements under certain conditions.