2006 Utah Code - 49-11-601 — Payment of employer contributions -- Penalties for failure to comply -- Adjustments to be made.

     49-11-601.   Payment of employer contributions -- Penalties for failure to comply -- Adjustments to be made.
     (1) The employer contributions, fees, premium taxes, contribution adjustments, and other required payments shall be paid to the office by the participating employer as determined by the executive director.
     (2) A participating employer that fails to withhold the amount of any member contributions, as soon as administratively possible, shall also pay the member contributions to the office out of its own funds.
     (3) If a participating employer does not make the contributions required by this title within 60 days of the end of the pay period, the participating employer is liable to the office as provided in Section 49-11-604 for:
     (a) delinquent contributions;
     (b) interest on the delinquent contributions as calculated under Section 49-11-503; and
     (c) a 12% per annum penalty on delinquent contributions.
     (4) The executive director may waive all or any part of the interest, penalties, expenses, and fees if the executive director finds there were extenuating circumstances surrounding the participating employer's failure to comply with this section.
     (5) Contributions made in error will be refunded to the participating employer or member that made the contributions.

Amended by Chapter 240, 2003 General Session