Section 260-RICR-40-05-1.26 - Application of Funds - Partial Payment by EmployersA. Whenever an employer becomes liable for overdue contributions and is assessed interest and/or penalties for one or more taxable periods and partial payment is tendered and accepted by the Director, such payment will be applied in the following order: 1. to penalties assessed due to the late filing of reports, or the late or non-payment of E.S. contributions.2. to interest assessed due to the late or non-payment of E.S. contributions.3. to E.S. contributions outstanding.4. to penalties assessed due to the late filing of reports, or the late or non-payment of T.D.I. contributions.5. to interest assessed due to the late or non-payment of T.D.I. contributions.6. to T.D.I. contributions outstanding.7. to penalties assessed due to the late or non-payment of J.D.F. contributions.8. to interest assessed due to the late or non-payment of J.D.F. contributions.9. to J.D.F. contributions outstanding.B. Whenever contributions, penalties and/or interest are due for more than one taxable period the earliest period will be paid in full, in the order specified in § 1.26(A) of this Part, before any monies are applied to the next earliest period.260 R.I. Code R. 260-RICR-40-05-1.26
Amended effective 12/3/2024