Title 59 Revenue and Taxation Chapter 5 Severance Tax on Oil, Gas, and Mining Section 206 Interest and penalty -- Overpayments.
59-5-206.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
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