There is a newer version of this Section
2019 Mississippi Code
Title 71 - Labor and Industry
Chapter 5 - Unemployment Compensation
Article 7 - Contributions.
§ 71-5-363. Interest on past due contributions
Universal Citation: MS Code § 71-5-363 (2019)
Contributions unpaid on the date on which they are due and payable shall bear interest at the rate of one percent (1%) per month from and after such date until payment plus accrued interest is received by the commission, provided that the commission may prescribe fair and reasonable general rules pursuant to which such interest shall not accrue during the first calendar year that any employer is subject to this chapter. Interest collected pursuant to this section shall be paid into the special employment security administration fund established by Section 71-5-114.
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.