§ 3.1-660. (Repealed effective October 1, 2008) Penalty and interest on delinquent tax
If the tax imposed hereby is not paid when due the State Department of Taxation shall immediately notify the taxpayer of such deficiency and shall add thereto a penalty of five percent of the amount due and if such deficiency be not paid within thirty days from the date of such notice the same shall bear interest at a rate determined in accordance with § 58.1-1812, from the date the same was due, which shall be collected as a part of the tax; provided that the Department may waive or remit the penalty of five percent, or a portion thereof, in its discretion for good cause shown.
(Code 1950, § 3-525.14; 1966, c. 702; 1977, c. 396.)
Sections: Previous 3.1-651 3.1-652 3.1-653 3.1-654 3.1-655 3.1-656 3.1-657 3.1-658 3.1-659 3.1-660 3.1-661 3.1-662 3.1-663 3.1-664 3.1-665 NextLast modified: April 16, 2009