48-16-7. Interest on installment agreements; interest on refunded or credited overpayments.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

(a)
All installment agreements authorized under subsection (c) of Code Section 48-16-5 shall bear interest on the outstanding amount of tax due during the installment period at the rate prescribed under Code Section 48-2-40.#
(b)
Notwithstanding the provisions of this title, if any overpayment of tax under this chapter is refunded or credited within 180 days after the return is filed, no interest shall be allowed.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 48-16-7, enacted by Ga. L. 1992, p. 1249, § 1.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t48-ch9-18-(v37a)-2024-pdf.pdf, Volume V37A, 2024 edition, pages 299 to 300; merge action: carried; file SHA-256 7933c78e4182.

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