US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 35
                     COOPERATIVE ELECTRICAL ASSOCIATIONS
                           -- TAXING GROSS EARNINGS
    63-3504.  COLLECTION BY COUNTY TREASURER -- PENALTY AND INTEREST IMPOSED
WHEN DELINQUENT. Upon receipt of the notification of the allotment and
apportionment of such taxes by the state tax commission by the county
treasurer, said county treasurer shall, not later than June 15th of each year,
notify each cooperative electrical association and each natural gas
cooperative of the amount of taxes owed, and the apportionment thereof to the
county and to the several taxing districts in the county and such tax shall be
due and payable not later than July 1, following and, upon the payment
thereof, the county treasurer shall pay over to each taxing district its
apportionment as herein determined. Any such taxes not paid by July 1, as
aforesaid, shall become delinquent and a penalty of five percent (5%) thereof
shall be imposed, together with interest at the rate of one percent (1%) per
month from July 1 until paid.