Interest; penalties
Sec. 8. (a) Skills 2016 assessments unpaid on the date on which
they are due and payable bear interest at the rate of one percent (1%)
per month or fraction of a month from and after that date until
payment plus accrued interest is received by the department.
(b) A twenty-five dollar ($25) penalty shall be assessed on any
skills 2016 assessments that are unpaid on the date subsequent to the
date on which they are due and payable.
(c) All penalty and interest collected on delinquent skills 2016
assessments shall be deposited in the skills 2016 training fund
established under IC 22-4-24.5.
As added by P.L.290-2001, SEC.1.
Last modified: May 27, 2006