Current through Register Vol. XLI, No. 50, December 13, 2024
Section 83-1-2 - Contributions by Employers2.1. Contribution shall become due and payable quarterly on the last day of the month next following the quarter for which contributions have accrued. "Quarter" means the calendar quarter ending March 31, June 30, September 30 and December 31. Contributions shall include contributions with respect to wages paid for employment within the quarter.2.2. Upon the written request of an employer filed with the Commissioner on or before the due date of any required payment, the Commissioner, for good cause shown, may grant, in writing, an extension of time for making such payment, but no extension shall exceed thirty (30) days. In case an employer who has been granted an extension to make a required payment fails to make such payment on or before the termination of the period of such extension, interest shall be payable from the original due date as if no extension had been granted.2.3. The first contribution payment of any employer who becomes liable for contributions in any year because of employment performed for him within such year, or wages paid, or as the result of voluntary election to become a covered employer, shall become due and be payable on the last day of the month next following that quarter wherein liability was incurred or voluntary election was approved. The first payment of such an employer becoming liable in the course of a calendar year shall include contributions with respect to all wages paid for employment from the first day of the calendar year.2.4. The Commissioner may, by special rule, assign to a newly subject employer due dates permitting the payment of his first contribution in installments, but the last installment shall be due not later than the fifteenth day preceding the last day for filing tax returns as required under chapter twenty-three of the Internal Revenue Code. If the amount of any such installment for which any due date is assigned is not paid on or before such date, the total amount of the unpaid contribution shall become due and payable upon notice and demand by the Commissioner.