59-5-106 - Interest and penalty -- Overpayments.
59-5-106. Interest and penalty -- Overpayments.
(1) In case of any failure to make or file a return required by this chapter, the penaltyprovided in Section 59-1-401 and interest at the rate and in the manner prescribed in Section59-1-402 shall be charged and added to the tax. The amount so added to any tax, whether as apenalty, interest, or both, shall be collected at the same time and in the same manner and as a partof the tax.
(2) An overpayment of a tax imposed by this chapter shall accrue interest at the rate andin the manner prescribed in Section 59-1-402.
Amended by Chapter 1, 1993 Special Session 2