TITLE 48 REVENUE AND TAXATION

Section 16. Tax Amnesty Program, 48-16-1 through 48-16-12.

ARTICLE 7 TAXATION OF CONSUMER FIREWORKS

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

1. 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.
2. 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.

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