§ 44-44-18.1 - Pecuniary penalties for deficiencies.
SECTION 44-44-18.1
§ 44-44-18.1 Pecuniary penalties fordeficiencies. – If any part of the deficiency for which a deficiency determination is made isdue to negligence or intentional disregard of the provisions of this chapter, apenalty of ten percent (10%) of the amount of the determination shall be addedto this amount. If any part of the deficiency for which a deficiencydetermination is made is due to fraud or an intent to evade the provisions ofthis chapter, a penalty of fifty percent (50%) of the amount of thedetermination shall be added to this amount.