Montana § 15-23-115 Interest

Montana Statutes

§ 15-23-115 — Interest

Montana·Title 15 TAXATION·Ch. 23 CENTRALLY ASSESSED PROPERTY·Part 1 General Provisions

15-23-115 . Interest. If the department determines that a taxpayer has incorrectly reported a value under 15-23-502 , 15-23-515 , 15-23-516 , 15-23-517 , 15-23-518 , 15-23-701 , or 15-23-802 and if an additional tax is due, there must be added to the tax until paid in full interest at the rate of 1% a month or fraction of a month from the date the original tax was due and payable. A taxpayer subject to imposition of interest pursuant to this section is not subject to the penalty and interest provisions contained in 15-16-102 .

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15-23-115 . Interest. If the department determines that a taxpayer has incorrectly reported a value under 15-23-502 , 15-23-515 , 15-23-516 , 15-23-517 , 15-23-518 , 15-23-701 , or 15-23-802 and if an additional tax is due, there must be added to the tax until paid in full interest at the rate of 1% a month or fraction of a month from the date the original tax was due and payable. A taxpayer subject to imposition of interest pursuant to this section is not subject to the penalty and interest provisions contained in 15-16-102 .

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Legislative History

En. Sec. 1, Ch. 112, L. 1983; amd. Sec. 7, Ch. 531, L. 1989; amd. Sec. 7, Ch. 695, L. 1991; amd. Sec. 7, Ch. 506, L. 1993; amd. Sec. 97, Ch. 27, Sp. L. November 1993; amd. Sec. 7, Ch. 397, L. 1995; amd. Sec. 33, Ch. 451, L. 1995.