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, for payments made on or after January 1, 2026, change the penalty for the above-described violation to instead be waived for the first violation.