§ 4-17.1-9. Late payments penalties.

(A)

Except as set forth herein, any person failing to pay personal property tax on or before the payment dates set forth by Section 4-17.1-8 shall incur a penalty thereon of ten percent which shall be added to the amount of taxes due. Any person failing to pay tax year 2020 personal property tax assessments on or before the payment dates set forth by Section 4-17.1-8 shall incur a penalty thereon of five percent which shall be added to the amount of the taxes due.

(B)

Notwithstanding subsection (A), in the case of delinquent personal property taxes, assessed in accordance with Article 17.1, that are more than 30 days past due, the late payment penalty shall increase to twenty five percent of the taxes assessable. The increased late penalty provided for in this paragraph (B) shall not apply to tax year 2020 personal property tax assessments.

(C)

For purposes of this section, any late filing penalty that may be assessed in accordance with Section 4-17.1-7 shall become a part of the tax due and shall be included as part of the basis upon which any late payment penalty is calculated.

(D)

And, in addition to such penalty, interest shall be due on such taxes and penalty, commencing the first day following the day such taxes are due, at the applicable interest rate specified in Section 4-20-3.

(E)

The Director of the Department of Tax Administration, or to his employees as he may so delegate, may waive penalty and interest for failure to pay a tax if such failure was not the fault of the taxpayer. (57-93-4; 19-99-4; 15-09-4; 11-20-4 .)