§ 44-15-7 - Pecuniary penalty for failure to file report.
SECTION 44-15-7
§ 44-15-7 Pecuniary penalty for failure tofile 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 notmore than thirty (30) days with an additional five percent (5%) for eachadditional thirty (30) days or fraction of the day during which the failurecontinues, not exceeding twenty-five percent (25%) in the aggregate, exceptthat when a return is filed after the time prescribed by law and it is shownthat the failure to file the return at the prescribed time was due toreasonable cause and not due to willfull neglect, no addition to the tax shallbe made.