§ 22-4-29-1 — Delinquent contributions; interest and penalties

Indiana § 22-4-29-1

• Jurisdiction: Indiana
• Art. 4: UNEMPLOYMENT COMPENSATION SYSTEM
• Ch. 29: Collection of Contributions, Interest, and Penalties

Text

(a) Contributions unpaid on the date on which
they are due and payable, as prescribed by the commissioner, shall bear
interest at the rate of one percent (1%) per month or fraction thereof
from and after such date until payment, plus accrued interest, is
received by the department. The department may prescribe fair and
reasonable regulations pursuant to which such interest shall not accrue.
(b) If the failure to pay any part or all of the delinquent contributions
is due to negligence or intentional disregard of authorized rules,
regulations, or notices, but without intent to defraud, there shall be
added, as a penalty, ten percent (10%) of the total amount of
contributions unpaid, which penalty shall become due and payable
upon notice and demand by the commissioner.
(c) If the commissioner finds that the failure to pay any part or all of
delinquent contributions is due to fraud with intent to evade the
payment of contributions, there shall be added, as a penalty, fifty
percent (50%) of the total amount of delinquent contributions, which
penalty shall become due and payable upon notice and demand by the
commissioner.
(d) Interest and penalties collected pursuant to this section shall be
paid into the special employment and training services fund.
Formerly: Acts 1947, c.208, s.3001. As amended by
P.L.228-1983, SEC.5; P.L.18-1987, SEC.75; P.L.21-1995, SEC.110;
P.L.171-2016, SEC.41.