15-23-115. Interest.
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/mt/title-15/chapter-23/part-1/15-23-115·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-23-115 . Interest. If the department determines that a taxpayer has incorrectly reported a value under 15-23-502 , 15-23-515 , 15-23-516 , 15-23-517 , 15-23-518 , 15-23-701 , or 15-23-802 and if an additional tax is due, there must be added to the tax until paid in full interest at the rate of 1% a month or fraction of a month from the date the original tax was due and payable. A taxpayer subject to imposition of interest pursuant to this section is not subject to the penalty and interest provisions contained in 15-16-102 .