Interest is charged on all delinquent taxes (Unemployment Insurance,
Employment Training Tax, State Disability Insurance, and Personal Income
Tax withholdings).
The interest rate is established pursuant to Section 19521 of the
California Revenue and Taxation Code. The interest rate is adjusted
semiannually based on the short-term federal rates in January and July
of each year.
Interest is compounded daily on:
All unpaid tax.
Interest.
Certain penalties.
Interest is required as there is no provision in the California
Unemployment Insurance Code to waive or cancel interest.
Use the daily interest factors in the table below to calculate the interest
due on delinquent amounts.
Delinquency Date
Interest Rate
Daily Interest Factor
01/01/08 to 06/30/08
8%
0.000219
07/01/07 to 12/31/07
8%
0.000219
01/01/07 to 6/30/07
8%
0.000219
07/01/06 to 12/31/06
7%
0.000192
01/01/06 to 06/30/06
6%
0.000164
07/01/05 to 12/31/05
5%
0.000137
01/01/05 to 06/30/05
4%
0.000110
07/01/04 to 12/31/04
4%
0.000110
01/01/04 to 06/30/04
5%
0.000137
07/01/03 to 12/31/03
5%
0.000137
For assistance, call our toll-free number (888) 745-3886 or visit your local
Employment Tax Office.
EDD HomePage
|
Top of Page
|
Contact Us
The Employment Development Department is an equal opportunity employer/program. Auxiliary aids and services are available upon request to individuals with disabilities.
