| << Previous Section (59-5-104) | Next Section (59-5-107) >> |
Revenue and Taxation | |
Severance Tax on Oil, Gas, and Mining | |
Section 106 | Interest and penalty -- Overpayments. |
|
59-5-106. Interest and penalty -- Overpayments. (1) In case of any failure to make or file a return required by this chapter, the penalty provided in Section 59-1-401 and interest at the rate and in the manner prescribed in Section 59-1-402 shall be charged and added to the tax. The amount so added to any tax, whether as a penalty, interest, or both, shall be collected at the same time and in the same manner and as a part of the tax. (2) An overpayment of a tax imposed by this chapter shall accrue interest at the rate and in the manner prescribed in Section 59-1-402.
Amended by Chapter 1, 1993 Special Session 2 |
| << Previous Section (59-5-104) | Next Section (59-5-107) >> |