2005 Idaho Code - 63-2702 — PAYMENT OF TAX -- DISTRIBUTION OF REVENUE -- INTEREST ON DELINQUENCIES

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 27
                          LICENSE TAX ON ELECTRICITY
    63-2702.  PAYMENT OF TAX -- DISTRIBUTION OF REVENUE -- INTEREST ON
DELINQUENCIES. (1) Said license tax shall be remitted with the statement
required under section 63-2701, Idaho Code, and paid to the state tax
commission, which shall distribute all moneys as follows:
    (2)  An amount of money shall be distributed to the state refund account
sufficient to pay current refund claims. All refunds authorized by the state
tax commission to be paid shall be paid through the state refund account, and
those moneys are hereby continuously appropriated for that purpose. Such
refunds shall be authorized for the purpose of repaying overpayments made
under this chapter, for the purpose of repaying any tax, penalty, or interest
illegally assessed or collected, or for the purpose of paying any judgement
rendered against the state tax commission under the provisions of this
chapter.
    (3)  The balance shall be distributed to the general account.
    (4)  Taxes not paid on the due date shall become delinquent and shall bear
interest from said due date at the rate provided in section 63-3045, Idaho
Code.