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141.985 Interest on tax not paid by date due.

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141.985 Interest on tax not paid by date due. If the tax imposed by this chapter, whether assessed by the department, or the taxpayer, or <br>any installment or portion of the tax is not paid on or before the date prescribed for its <br>payment, there shall be collected, as a part of the tax, interest upon the unpaid amount at <br>the tax interest rate as defined in KRS 131.010(6) from the date prescribed for its <br>payment until payment is actually made to the department. Interest shall be assessed, <br>collected, and paid in the same manner as if it were a deficiency. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 517, effective June 20, 2005. -- Amended 1982 Ky. Acts ch. 452, sec. 26, effective July 1, 1982. -- Created 1978 Ky. Acts <br>ch. 233, sec. 17, effective June 17, 1978.