Sec. 708. Penalties
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/bill/115/s/854/is/section-708A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subsection
(n)of section 17 the Occupational Safety and Health Act of 1970 ( 29 U.S.C. 666 ), as redesignated by sections 706 and 707, is amended by adding at the end the following: Pre-final order interest on such penalties shall begin to accrue on the date the party contests a citation issued under this Act, and shall end upon the issuance of the final order. Such pre-final order interest shall be calculated at the current underpayment rate determined by the Secretary of the Treasury pursuant to . section 6621 of the Internal Revenue Code of 1986, and shall be compounded daily. Post-final order interest shall begin to accrue 30 days after the date a final order of the Commission or the court is issued, and shall be charged at the rate of 8 percent per year.
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U.S. Code