Delinquent tax payment; interest
Sec. 12. If the transfer tax is not paid on or before the due date set
under section 9 of this chapter, the person who is required to pay the
tax shall pay, in addition to the tax, interest on the delinquent portion
of the tax at the rate of six percent (6%) per year. Interest under this
section shall be charged from the due date of the tax until the date the
tax is paid.
As added by P.L.67-1991, SEC.1.
Last modified: May 28, 2006