§ 788. Interest on past due contributions
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 43 P.S. LaborEffective: January 1, 2018
Effective: January 1, 2018
43 P.S. § 788
§ 788. Interest on past due contributions
Contributions unpaid on the date on which they are due and payable, as prescribed by the department, shall bear interest at one-twelfth ( 1/12 ) of the annual rate determined by the Secretary of Revenue under section 806 of the act of April 9, 1929 (P.L. 343, No. 176),1 known as “The Fiscal Code,” per month or fraction of a month, or at the rate of one per centum (1%) per month or fraction of a month, whichever is greater, from the date they become due until paid.
Credits
1936, Second Ex.Sess., Dec. 5, P.L. (1937) 2897, art. III, § 308. Amended 1942, Ex.Sess., April 23, P.L. 60, No. 23, § 4; 1983, July 21, P.L. 68, No. 30, § 14, imd. effective; 2005, June 15, P.L. 8, No. 5, § 5, effective Jan. 1, 2006; 2016, Nov. 3, P.L. 1100, No. 144, § 3, effective Jan. 1, 2018.
Footnotes
72 P.S. § 806.
43 P.S. § 788, PA ST 43 P.S. § 788
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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