15-23-115. Interest. If the department determines that a taxpayer has incorrectly reported a value under 15-23-502, 15-23-515, 15-23-516, 15-23-517, 15-23-518, 15-23-701, or 15-23-802 and if an additional tax is due, there must be added to the tax until paid in full interest at the rate of 1% a month or fraction of a month from the date the original tax was due and payable. A taxpayer subject to imposition of interest pursuant to this section is not subject to the penalty and interest provisions contained in 15-16-102.
History: En. Sec. 1, Ch. 112, L. 1983; amd. Sec. 7, Ch. 531, L. 1989; amd. Sec. 7, Ch. 695, L. 1991; amd. Sec. 7, Ch. 506, L. 1993; amd. Sec. 97, Ch. 27, Sp. L. November 1993; amd. Sec. 7, Ch. 397, L. 1995; amd. Sec. 33, Ch. 451, L. 1995.
Structure Montana Code Annotated
Chapter 23. Centrally Assessed Property
15-23-101. Properties centrally assessed
15-23-102. Independent appraisal option
15-23-103. Due date of reports and returns -- extensions
15-23-104. Failure to file -- estimate by department -- penalty
15-23-105. Apportionment among counties
15-23-106. Report to the counties
15-23-108. Rulemaking authority
15-23-109. and 15-23-110 reserved
15-23-111. Centrally administered tax-exempt property