15-39-107. Interest on deficiency -- penalty. (1) Interest accrues on unpaid or delinquent taxes as provided in 15-1-216. The interest must be computed from the date on which the statement and tax were originally due.
(2) If the payment of a tax deficiency is not made within 60 days after it is due and payable and if the deficiency is due to negligence on the part of the taxpayer but without fraud, the penalty imposed by 15-1-216(2) must be added to the amount of the deficiency.
History: En. Sec. 7, Ch. 559, L. 2005; amd. Sec. 13, Ch. 44, L. 2007.
Structure Montana Code Annotated
Chapter 39. Taxation of Bentonite
15-39-101. Production tax rates imposed on bentonite production
15-39-102. Semiannual payment of tax -- statement -- authority of department
15-39-103. Taxation of royalties
15-39-104. Examination of statement -- adjustments -- delivery of notices and demands
15-39-105. Penalties and interest for violation
15-39-106. Authority to collect delinquent taxes
15-39-107. Interest on deficiency -- penalty
15-39-109. Credit or refund for overpayment -- refund from county -- interest on overpayment