One Click Case Law for § 7-3-21
O.C.G.A. § 7-3-20 <-- --> O.C.G.A. §7-3-22

2010 Georgia Code

TITLE 7 - BANKING AND FINANCE

CHAPTER 3 - INDUSTRIAL LOANS
§ 7-3-21 - Tax on interest -- Penalties for late or fraudulent tax payments

O.C.G.A. 7-3-21 (2010)
7-3-21. Tax on interest -- Penalties for late or fraudulent tax payments


In the event any person fails or refuses to remit the tax required by Code Sections 7-3-19 and 7-3-20 within the time prescribed, there shall be added to the tax a penalty equivalent to 25 percent of the tax but in no case shall the penalty so added be less than $5.00. In the event any person fraudulently remits the incorrect tax, there shall be added to the tax a penalty equivalent to 50 percent of the tax but in no case shall the penalty so added be less than $5.00. The amounts so added as penalties shall be collected as a part of the tax.