Sec. 43.56.160. Interest and penalty.
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Sec. 43.56.160. Interest and penalty.
When the tax levied by AS 43.56.010
(a)becomes delinquent, a penalty of 10 percent shall be added. Before January 1, 2014, interest on the delinquent taxes, exclusive of penalty, shall be assessed at a rate of eight percent a year. On and after January 1, 2014, interest on the delinquent taxes, exclusive of penalty, shall be assessed at the rate specified in AS 43.05.225 .