59-7-513 - Interest when time for payment extended.
59-7-513. Interest when time for payment extended.
If the time for payment of the amount determined as the tax by the taxpayer is extendedunder the authority of Subsection 59-7-507(2), there shall be collected as a part of such amountinterest at the rate prescribed in Section 59-1-402 from the date when such payment should havebeen made, if no extension had been granted, until payment is received.
Amended by Chapter 1, 1993 Special Session 2