Cal. Code Regs. tit. 18 § 19027
Every taxpayer, including banks and financial corporations, required by Section 19025(b) of the Revenue and Taxation Code to make payments of estimated tax for initial accounting periods of less than twelve months shall apportion its estimated tax over the number of installments due within its first income year, as follows:
Calendar Year Taxpayer If the Income Year Begins: | Number of Installments | Due Date of Installments 15th Day of: | Percentage of Estimated Tax to be Paid Each Installment |
Jan. 1 through Jan. 16 | 4 | Apr.-June-Sept.-Dec. | 25% |
Jan. 17 through Mar. 16 | 3 | June-Sept.-Dec. | 33 1/3 % |
Mar. 17 through June 15 | 2 | Sept.-Dec. | 50% |
June 16 through Sept. 15 | 1 | Dec. | 100% |
Sept. 16 through Dec. 31 | None | _ | _ |
The same rules shall apply to fiscal year taxpayers with initial accounting periods of less than twelve months except that the dates reflected on the above schedule shall be adjusted accordingly.
Cal. Code Regs. Tit. 18, § 19027
2. Change without regulatory effect relocating section 19027 from chapter 2.5, subchapter 19 to chapter 2.6, subchapter 4 filed 11-23-98 pursuant to section 100, title 1, California Code of Regulations (Register 98, No. 48).
Note: Authority cited: Section 19503, Revenue and Taxation Code. Reference: Section 19027, Revenue and Taxation Code.
2. Change without regulatory effect relocating section 19027 from chapter 2.5, subchapter 19 to chapter 2.6, subchapter 4 filed 11-23-98 pursuant to section 100, title 1, California Code of Regulations (Register 98, No. 48).