59-7-514 - Extension of time to pay deficiency. - Utah Statutes

59-7-514. Extension of time to pay deficiency.
(1) Where it is shown to the satisfaction of the commission that the payment of adeficiency upon the date prescribed for the payment thereof will result in undue hardship to thetaxpayer, the commission (except where the deficiency is due to negligence, to intentionaldisregard of rules, or to fraud with intent to evade tax) may grant an extension for the payment ofsuch deficiency or any part thereof for a period not in excess of six months.
(2) If an extension is granted, the commission may require the taxpayer to furnish a bondin such amount, not exceeding double the amount of the deficiency, and with such sureties as thecommission deems necessary, conditioned upon the payment of the deficiency in accordance withthe terms of the extension.

Renumbered and Amended by Chapter 169, 1993 General Session