§ 22-4-29-2 — Assessments; limitation

In addition to all other powers granted to the
commissioner by this article, the commissioner or the commissioner's
authorized representatives shall have the power to make assessments
against any employing unit which fails to pay contributions, interest, or
penalties as required by this article, or for additional contributions due
and unpaid, which assessment is considered prima facie correct. Such
assessments shall consist of contributions and any interest or penalties
which may be due by reason of section 1 of this chapter. Such
assessment must be made not later than four (4) calendar years
subsequent to the date that said contributions, interest, or penalties
would have become due, except that this limitation shall not apply to
any contributions, interest, or penalties which should have been paid
with respect to any incorrect report filed with the department which
report was known or should have been known to be incorrect by the
employing unit.
Formerly: Acts 1947, c.208, s.3002. As amended by
P.L.144-1986, SEC.129; P.L.18-1987, SEC.76; P.L.21-1995, SEC.111;
P.L.290-2001, SEC.21; P.L.175-2009, SEC.37.