| | | Any person who fails to pay any tax, other than a tax imposed | | pursuant to chapter 105, on or before the last date prescribed | | for payment is liable for interest on the tax, calculated from | | that date and compounded monthly. The State Tax Assessor shall | | establish annually, by rule, the rate of interest, which may not | | exceed the highest conventional rate of interest charged for | | commercial unsecured loans by Maine banking institutions on the | first business day of October | | year. For purposes of this section, the last date prescribed for | | payment of tax must be determined without regard to any extension | | of time permitted for filing a return. A tax that is upheld on | | administrative or judicial review bears interest from the date on | | which payment would have been due in the absence of review. Any | | tax, interest or penalty imposed by this Title that has been | erroneously refunded and is recoverable by the State Tax Assessor | | assessor bears interest at the above rate from the date of | | payment of the refund. Interest accrues automatically, without | being assessed by the State Tax Assessor | recoverable by the State Tax Assessor | | as if it were a tax assessed under this Title. If the failure to | | pay a tax when required is explained to the satisfaction of the | State Tax AssessorState Tax Assessor | | abate or waive the payment of all or any part of that interest. |
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| | | Except as otherwise provided in this Title, and except for | | taxes imposed pursuant to chapter 105, interest, at the rate | | determined by the State Tax Assessor for underpayments pursuant | to this section, shall | | the date the return listing the overpayment was filed, or the | | payment was made, whichever is later. |
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| | | Sec. 9. 36 MRSA §187-B, sub-§5-A, ¶B, as enacted by PL 1997, c. 668, | | §15, is amended to read: |
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| | | B. The person makes 2 or more required electronic payments | in any consecutive 6-month period that do no | | the specifications set forth in a rule issued by the | | assessor pursuant to section 193. |
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| | | Sec. 10. 36 MRSA §191, sub-§2, ¶V, as amended by PL 1997, c. 703, §3, | | is further amended to read: |
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| | | V. The disclosure by employees of the Bureau of Revenue | | Services, to designated representatives of the Department of | Labor, of all information contained on a joint return or | report submitted to the tax assessor andtax | assessor | | for the administration of the taxes imposed by Part 8 and by | Title 26, chapter 13; and |
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