Amendment status not verified — confirm the current text below against the official source.
If the tax or any other amount assessed or due under this Act is not paid by any dealer or any other person within the time prescribed therefore in this Act or in any rule made thereunder and in other cases within the time specified therefor in the notice of demand, the dealer or the other person shall pay, simple interest at the rate of. twelve percent per annum on the tax or other amount defaulted.] Inserted by ibid