§ 44-15-7. Pecuniary penalty for failure to file report.
In case of any failure to file a return within the time prescribed by law, there shall be added to the tax five percent (5%) if the failure is for not more than thirty (30) days with an additional five percent (5%) for each additional thirty (30) days or fraction of the day during which the failure continues, not exceeding twenty-five percent (25%) in the aggregate, except that when a return is filed after the time prescribed by law and it is shown that the failure to file the return at the prescribed time was due to reasonable cause and not due to willfull neglect, no addition to the tax shall be made.
History of Section.G.L. 1956, §§ 44-15-5-B, 44-15-7; P.L. 1960, ch. 59, § 1; P.L. 1968, ch. 263, art. 13, § 1.
Structure Rhode Island General Laws
Chapter 44-15 - Tax on Bank Deposits Generally
Section 44-15-1. - Definitions.
Section 44-15-1.1. - “Credit Unions” and “deposits” defined.
Section 44-15-1.2. - Credit unions — Tax imposed.
Section 44-15-2. - Banking institutions — Tax imposed.
Section 44-15-4. - Credit for franchise tax.
Section 44-15-5.1. - Claims for refund — Hearing upon denial.
Section 44-15-6. - Determination of tax without return.
Section 44-15-7. - Pecuniary penalty for failure to file report.
Section 44-15-8. - Pecuniary penalty for false return.
Section 44-15-9. - Collection of pecuniary penalties.
Section 44-15-10. - Examination of books and witnesses.
Section 44-15-11. - Penalty for violations by banks.
Section 44-15-12. - Penalty for violations by individuals.
Section 44-15-13. - Penalty for failure to file return.
Section 44-15-14. - Hearing on application by bank.
Section 44-15-16. - Collection by writ of execution.
Section 44-15-17. - Rules and regulations.