58.1-1619 - Penalty and interest for failure to pay tax when due.
§ 58.1-1619. Penalty and interest for failure to pay tax when due.
Any person who fails to pay the tax herein levied within the time required bythis chapter shall pay, in addition to the tax a penalty of five percent ofthe amount of tax due. Six months from the date at which the tax hereinlevied became due and payable, interest shall be assessed upon the entireamount due in accordance with § 58.1-15. Such penalty and interest shall beassessed and collected as a part of the tax.
(Code 1950, § 58-838.14; 1977, c. 396; 1984, c. 675.)