Rate of interest on amount of deferred taxes; time of accrual of interest on deferred taxes
L. 1980, p. 1707, § 1; Ga
(a) The amount of taxes deferred pursuant to this part shall accrue interest until paid at three-fourths of the rate specified in Code Section 48-2-40.
(b) Interest on taxes deferred pursuant to this part in any year shall begin accruing on the date the taxes were due in that year.
Current official text: Official Code of Georgia Annotated (LexisNexis). Digitized from the Internet Archive scan of the OCGA. Reproduced from public-domain Georgia statutes; confirm against the official source for the current text. Not legal advice.