Section 21.8. Interest and penalties

(a) Interest. Wagering and admission tax paid or remitted to the Department after the due date shall be subject to interest at the rate in effect as determined by the Secretary, beginning on the day following the due date and continuing to the date of payment.

(b) Penalty. Admission tax paid or remitted to the Department after the due date or extended due date under § 21.6 (relating to extension of time for filing tax returns), shall be subject to a penalty at the rate of 5.0% per month, for each month the tax remains unpaid, beginning on the day following the due date and continuing to the date of payment. If a licensed corporation fails to file a wagering tax return by the due date or extended due date and fails to file the return within 30 days following a written demand by the Department, the licensed corporation shall be subject to a penalty of $500 in accordance with section 1703 of The Fiscal Code (72 P. S. § 1703).

Notation

Cross References

This section cited in 61 Pa. Code § 21.10 (relating to miscellaneous).