§ 50.24.040. Interest on delinquent contributions
If contributions are not paid on the date on which they are due and payable as prescribed by the commissioner, the whole or part thereof remaining unpaid shall bear interest at the rate of one percent per month or fraction thereof from and after such date until payment plus accrued interest is received by him. The date as of which payment of contributions, if mailed, is deemed to have been received may be determined by such regulations as the commissioner may prescribe. Interest collected pursuant to this section shall be paid into the administrative contingency fund. Interest shall not accrue on contributions from any estate in the hands of a receiver, executor, administrator, trustee in bankruptcy, common law assignee or other liquidating officer subsequent to the date when such receiver, executor, administrator, trustee in bankruptcy, common law assignee or other liquidating officer qualifies as such, but contributions accruing with respect to employment of persons by any receiver, executor, administrator, trustee in bankruptcy, common law assignee or other liquidating officer shall become due and shall draw interest in the same manner as contributions due from other employers. Where adequate information has been furnished the department and the department has failed to act or has advised the employer of no liability or inability to decide the issue, interest may be waived.
[1987 c 111 § 3; 1973 1st ex.s. c 158 § 8; 1953 ex.s. c 8 § 16; 1945 c 35 § 92; Rem. Supp. 1945 § 9998-230. Prior: 1943 c 127 § 10; 1941 c 253 § 11.]
Notes:
Conflict with federal requirements -- Severability -- Effective date -- 1987 c 111: See notes following RCW 50.12.220.
Effective date -- 1973 1st ex.s. c 158: See note following RCW 50.08.020.
Sections: Previous 50.24.010 50.24.014 50.24.015 50.24.020 50.24.030 50.24.040 50.24.050 50.24.060 50.24.070 50.24.080 50.24.090 50.24.100 50.24.110 50.24.115 50.24.120 Next
Last modified: April 7, 2009