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Insurance Code | |
Medical Care Savings Account Act | |
Section 107 | Penalties for noncompliance with tax provisions. |
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31A-32a-107. Penalties for noncompliance with tax provisions. (1) An account administrator who fails to comply with a provision described in Subsection (2) is subject to: (a) the civil penalties provided in Section 59-1-401; and (b) interest at the rate and in the manner provided in Section 59-1-402. (2) The following provisions apply to Subsection (1): (a) a provision of this chapter relating to: (i) an addition to income made in accordance with Section 59-10-114; or (ii) a tax credit allowed by Section 59-10-1021; or (b) a provision of Title 59, Chapter 10, Individual Income Tax Act, relating to: (i) an addition to income made in accordance with Section 59-10-114; or (ii) a tax credit allowed by Section 59-10-1021.
Amended by Chapter 389, 2008 General Session |
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