Maximum and minimum penalties
Sec. 7. Notwithstanding the various penalty provisions of this
chapter, the maximum total penalty that may be assessed against a
person under sections 2.1 through 5 of this chapter is one hundred
percent (100%) of the unpaid tax and the minimum penalty, if any,
that may be assessed under those sections is five dollars ($5).
As added by Acts 1980, P.L.61, SEC.1. Amended by
P.L.383-1987(ss), SEC.2; P.L.1-1991, SEC.72; P.L.71-1993,
SEC.27.
Last modified: May 28, 2006