10-44-16. Penalty on unpaid taxes and installments--Refunds.
76 words·~1 min read·
/sd/title-10/chapter-10-44/10-44-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All taxes and installments not paid when due shall be paid together with a penalty assessment on the unpaid balance at the rate of one and one - half percent per month, or fraction thereof. The Division of Insurance may refund any penalty or interest paid in error. Upon written request by a receiver, the director of the Division of Insurance may extend the time for payment of the tax and may waive any penalty assessment.