Contributions unpaid on the date when they are due and payable, as provided in this chapter, or as may be provided by rules or regulations in this chapter, shall bear interest at the rate of one percent per month from and after such date until payment is received by the secretary.
Ala. Code § 25-4-132
Assessment of Interest on Delinquent Contribution Payments.
(Acts 1939, No. 497, p. 721; Code 1940, T. 26, §238.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.