60.2-519 - Interest on past-due taxes. - Virginia Statutes

§ 60.2-519. Interest on past-due taxes.

Taxes unpaid on the date on which they are due and payable, as prescribed bythe Commission pursuant to § 60.2-511, shall bear interest at the rate of oneand one-half percent per month from and after such date until payment plusaccrued interest is received by the Commission. Interest collected pursuantto this article shall be paid into the Special Unemployment CompensationAdministration Fund continued by § 60.2-314.

(Code 1950, § 60-77; 1968, c. 738, § 60.1-92; 1982, c. 363; 1986, c. 480.)