Rhode Island § 44-40-14 § 44-40-14. Delinquency — Interest on delinquency — Applicability of payments.

Rhode Island Statutes

§ 44-40-14 — § 44-40-14. Delinquency — Interest on delinquency — Applicability of payments.

Rhode Island § 44-40-14

Title 44Taxation

Ch. 44-40Generation Skipping Transfer Tax

This text of Rhode Island § 44-40-14 (§ 44-40-14. Delinquency — Interest on delinquency — Applicability of payments.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 44-40-14 (2026).

Text

§ 44-40-14. Delinquency — Interest on delinquency — Applicability of payments.
The tax becomes delinquent from and after the last day allowed for filing a return
            for the generation skipping transfer. If the tax is not paid before it becomes delinquent,
            it bears interest after this and until it is paid at the rate of twelve percent (12%)
            per annum. Every payment on the tax imposed by this part is applied, first, to any
            interest due on the tax, and then, if there is any balance, to the tax itself.
         

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§ 44-40-14. Delinquency — Interest on delinquency — Applicability of payments.

The tax becomes delinquent from and after the last day allowed for filing a return for the generation skipping transfer. If the tax is not paid before it becomes delinquent, it bears interest after this and until it is paid at the rate of twelve percent (12%) per annum. Every payment on the tax imposed by this part is applied, first, to any interest due on the tax, and then, if there is any balance, to the tax itself.