New adjusted interest rate.

The adjusted interest rate has been determined for the period Jan. 1, 2008 to June 30, 2008, and will remain at 8 percent. The interest rate (Sec. 19521, formerly 19269, of the California Revenue and Taxation Code) is compounded daily and accrues for personal income, corporate income and franchise taxes.

The rate for corporation tax overpayments for the period will remain at 5 percent.

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You can find current and former adjusted interest rates at www.ftb.ca.gov.