15-70-716. (Effective January 1, 1996) Deficiency -- penalty. If the department determines that the tax reported by a compressed natural gas dealer is deficient, the department shall assess the deficiency on the basis of information available to the department. There must be added to the deficiency interest on the deficient amount at the rate of 1% per month or fraction of a month from the date the return was due.

     History: En. Sec. 13, Ch. 405, L. 1995.