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amount allowed under the revised charter of the County of <br /> Maui (1983) as amended. For purposes of this paragraph, <br /> the amount of tax required to be shown on the return will be <br /> reduced by the amount of any part of the tax paid on or <br /> before the date prescribed for payment of the tax and by the <br /> amount of any credit against the tax which may be claimed <br /> upon the return. <br /> 2. Failure to pay tax. <br /> a. If any part of any underpayment is due to <br /> negligence or intentional disregard but without intent <br /> to defraud, there must be added to the tax an amount <br /> up to 25 percent of the underpayment as determined <br /> by the director, or the maximum amount allowed <br /> under the revised charter of the County of Maui (1983), <br /> as amended, whichever is the lesser. <br /> b. If any part of any underpayment of tax <br /> required to be shown on a return is due to fraud, there <br /> must be added to the tax an amount up to 50 percent <br /> of the underpayment as determined by the director, or <br /> the maximum amount allowed under the revised <br /> charter of the County of Maui (1983), as amended, <br /> whichever is the lesser. <br /> 3. Interest on underpayment or nonpayment of tax. <br /> a. If any amount of tax is not paid on or <br /> before the last date prescribed for payment, interest on <br /> such amount at the rate of two-thirds of 1 percent a <br /> month or fraction of a month must be paid for the <br /> period beginning with the first calendar day after the <br /> date prescribed for payment. <br /> b. Interest prescribed under this paragraph <br /> on any tax must be paid upon notice and demand, and <br /> must be assessed, collected, and paid in the same <br /> manner as taxes. <br /> C. No interest under this paragraph can be <br /> imposed on interest provided by this paragraph. <br /> d. If any portion of a tax is satisfied by credit <br /> of any overpayment, then no interest must be imposed <br /> under this paragraph on the portion of the tax so <br /> satisfied for any period during which, if the credit had <br /> not been made, interest would have been allowable <br /> with respect to the overpayment. <br /> B. No taxpayer is exempt from any penalty or interest by <br /> reason of having contested the tax, except to the extent the tax is <br /> adjudged to be excessive or contrary to law. <br /> - 9 - <br />