§ 58.1-2646. Extensions of time
The Commission may grant a reasonable extension of time for payment of estimated tax or any installment, or for filing any declaration on condition that the taxpayer shall pay interest on the amount involved at the rate of three-fourths of one percent per month or fraction thereof from the time the payment was due until the time of payment. Whenever the taxpayer, without having been granted an extension, fails to make payment of estimated tax or any installment, or file any declaration, it shall pay interest on the amount involved at the rate prescribed in § 58.1-15 from the time payment was due until the time of payment.
(Code 1950, § 58-514.6; 1968, c. 15; 1972, c. 152; 1984, c. 675.)
Sections: Previous 58.1-2635 58.1-2640 58.1-2641 58.1-2642 58.1-2643 58.1-2644 58.1-2645 58.1-2646 58.1-2647 58.1-2648 58.1-2649 58.1-2650 58.1-2651 58.1-2652 58.1-2653 NextLast modified: April 16, 2009