§ 44-40-14. Delinquency — Interest on delinquency — Applicability of payments.
The tax becomes delinquent from and after the last day allowed for filing a return for the generation skipping transfer. If the tax is not paid before it becomes delinquent, it bears interest after this and until it is paid at the rate of twelve percent (12%) per annum. Every payment on the tax imposed by this part is applied, first, to any interest due on the tax, and then, if there is any balance, to the tax itself.
History of Section.P.L. 1981, ch. 264, § 1.
Structure Rhode Island General Laws
Chapter 44-40 - Generation Skipping Transfer Tax
Section 44-40-1. - Short title.
Section 44-40-2. - Definitions.
Section 44-40-3. - Tax imposed — Amount — Property in another state.
Section 44-40-4. - Time for filing — Filing copy of federal return.
Section 44-40-5. - Contents of return.
Section 44-40-6. - Amended return — Filing — Increase or decrease.
Section 44-40-8. - False or fraudulent return — Determination by administrator at any time.
Section 44-40-9. - Setting aside or correcting an erroneous determination.
Section 44-40-10. - Notice of deficiency and penalty — Copies.
Section 44-40-11. - Claim of erroneous deficiency — Action — Time for bringing.
Section 44-40-12. - Person liable.
Section 44-40-13. - Time of payment.
Section 44-40-14. - Delinquency — Interest on delinquency — Applicability of payments.