Source: https://development.code.dccouncil.us/dc/council/code/sections/47-4201.html
Timestamp: 2019-04-21 08:41:25+00:00

Document:
D.C. Law Library - § 47–4201. Interest on underpayments.
↪ § 47–4201. Interest on underpayments.
(a)(1) Unless otherwise provided in this title, if any amount of tax imposed by this title (whether required on a return or to be paid by stamp or by some method) is not paid on or before the last date prescribed for payment, interest on the unpaid amount, at the underpayment rate set forth in subsection (d) of this section, shall be paid for the period from the last date prescribed for payment to the date paid.
(2)(A) The last date prescribed for payment shall be determined without regard to any extension of time for filing a return required under this title.
(B) In the case of taxes payable by stamp and in all other cases in which the last date for payment is not otherwise prescribed, the last date for payment shall be the date that the liability for the tax arises.
(B) For the period from the date of the notice and demand to the date of payment.
(B) Ends on the date of payment of the addition to tax.
(3) Interest shall not be imposed on an underpayment of estimated tax required to be paid under § 47-4215.
(c) Interest imposed under this section on an unpaid tax, assessable penalty, or addition to tax shall be paid upon notice and demand, and shall be assessed, collected, and paid in the same manner as a tax.
(2) 10% per year, compounded daily, beginning January 1, 2003.
This section is referenced in § 47-2405, § 47-4214, § 47-4215, and § 47-4222.

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