59-7-513 - Interest when time for payment extended.
59-7-513. Interest when time for payment extended.
If the time for payment of the amount determined as the tax by the taxpayer is extendedunder the authority of Subsection 59-7-507(2), there shall be collected as a part of such amountinterest at the rate prescribed in Section 59-1-402 from the date when such payment should havebeen made, if no extension had been granted, until payment is received.
If the time for payment of the amount determined as the tax by the taxpayer is extendedunder the authority of Subsection 59-7-507(2), there shall be collected as a part of such amountinterest at the rate prescribed in Section 59-1-402 from the date when such payment should havebeen made, if no extension had been granted, until payment is received.
Amended by Chapter 1, 1993 Special Session 2