59-10-537 - Interest on underpayment, nonpayment, or extension of time for payment of tax. - Utah Statutes

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59-10-537. Interest on underpayment, nonpayment, or extension of time forpayment of tax.
(1) (a) Subject to the other provisions of this section, if any amount of income tax is notpaid on or before the last date prescribed in this chapter for payment, interest on the amount atthe rate and in the manner prescribed in Section 59-1-402 shall be paid.
(b) Interest under this Subsection (1) may not be paid if the amount of the interest is lessthan $1.
(c) If the time for filing of a return of tax withheld by an employer is extended, theemployer shall pay interest for the period for which the extension is granted and may not chargesuch interest to the employee.
(2) If a deficiency or any interest or additional amount assessed in connection with anamount under Subsection (1), or a penalty in case of a delinquency provided for in Section59-10-539 is not paid in full within 10 days from the date of notice and demand from thecommission, there shall be collected as part of the tax, interest at the rate and in the mannerprescribed in Section 59-1-402 from the date of the notice and demand until the entire amount ofthe deficiency, interest, and additional amount is paid.
(3) If the time for payment of the amount determined as the tax by the taxpayer isextended under the authority of Section 59-10-522, interest shall be collected as a part of theamount at the rate and in the manner prescribed in Section 59-1-402.

Amended by Chapter 212, 2009 General Session

State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-10 > 59-10-537

59-10-537. Interest on underpayment, nonpayment, or extension of time forpayment of tax.
(1) (a) Subject to the other provisions of this section, if any amount of income tax is notpaid on or before the last date prescribed in this chapter for payment, interest on the amount atthe rate and in the manner prescribed in Section 59-1-402 shall be paid.
(b) Interest under this Subsection (1) may not be paid if the amount of the interest is lessthan $1.
(c) If the time for filing of a return of tax withheld by an employer is extended, theemployer shall pay interest for the period for which the extension is granted and may not chargesuch interest to the employee.
(2) If a deficiency or any interest or additional amount assessed in connection with anamount under Subsection (1), or a penalty in case of a delinquency provided for in Section59-10-539 is not paid in full within 10 days from the date of notice and demand from thecommission, there shall be collected as part of the tax, interest at the rate and in the mannerprescribed in Section 59-1-402 from the date of the notice and demand until the entire amount ofthe deficiency, interest, and additional amount is paid.
(3) If the time for payment of the amount determined as the tax by the taxpayer isextended under the authority of Section 59-10-522, interest shall be collected as a part of theamount at the rate and in the manner prescribed in Section 59-1-402.

Amended by Chapter 212, 2009 General Session

State Codes and Statutes

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State Codes and Statutes

Statutes > Utah > Title-59 > Chapter-10 > 59-10-537

59-10-537. Interest on underpayment, nonpayment, or extension of time forpayment of tax.
(1) (a) Subject to the other provisions of this section, if any amount of income tax is notpaid on or before the last date prescribed in this chapter for payment, interest on the amount atthe rate and in the manner prescribed in Section 59-1-402 shall be paid.
(b) Interest under this Subsection (1) may not be paid if the amount of the interest is lessthan $1.
(c) If the time for filing of a return of tax withheld by an employer is extended, theemployer shall pay interest for the period for which the extension is granted and may not chargesuch interest to the employee.
(2) If a deficiency or any interest or additional amount assessed in connection with anamount under Subsection (1), or a penalty in case of a delinquency provided for in Section59-10-539 is not paid in full within 10 days from the date of notice and demand from thecommission, there shall be collected as part of the tax, interest at the rate and in the mannerprescribed in Section 59-1-402 from the date of the notice and demand until the entire amount ofthe deficiency, interest, and additional amount is paid.
(3) If the time for payment of the amount determined as the tax by the taxpayer isextended under the authority of Section 59-10-522, interest shall be collected as a part of theamount at the rate and in the manner prescribed in Section 59-1-402.

Amended by Chapter 212, 2009 General Session