District Of Columbia § 47-4201 - Interest on underpayments.
Full text of District Of Columbia D.C. Code § 47-4201 — Interest on underpayments., with citation guidance and answers to common questions.
§ 47-4201. Interest on underpayments.
47-4201Unless otherwise provided in this title, if any amount of tax imposed by this title (whether required on a return or to be paid by stamp or by some method) is not paid on or before the last date prescribed for payment, interest on the unpaid amount, at the underpayment rate set forth in subsection (d) of this section, shall be paid for the period from the last date prescribed for payment to the date paid.
The last date prescribed for payment shall be determined without regard to any extension of time for filing a return required under this title.
In the case of taxes payable by stamp and in all other cases in which the last date for payment is not otherwise prescribed, the last date for payment shall be the date that the liability for the tax arises.
Except as provided under paragraphs (1) and (2) of this subsection, interest shall be imposed at the underpayment rate set forth in subsection (d) of this section on an assessable penalty or addition to the tax only:
If the assessable penalty or addition to the tax is not paid within 21 calendar days after the date of notice and demand, and
For the period from the date of the notice and demand to the date of payment.
Interest shall be imposed at the underpayment rate set forth in subsection (d) of this section on an addition to tax imposed under §§ , , or [see ] for the period which:
Begins on the date of the return of the tax with respect to which the addition to tax imposed is required to be filed (including extensions); and
Ends on the date of payment of the addition to tax.
Interest shall not be imposed on an underpayment of estimated tax required to be paid under .
Interest imposed under this section on an unpaid tax, assessable penalty, or addition to tax shall be paid upon notice and demand, and shall be assessed, collected, and paid in the same manner as a tax.
The underpayment rate shall be as follows:
13% per year, simple interest, from January 1, 2001 to December 31, 2002;
10% per year, compounded daily, beginning January 1, 2003.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 47-4201
What does D.C. Code § 47-4201 cover?
Section 47-4201 ("Interest on underpayments.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 47-4201?
A common citation format is "D.C. Code § 47-4201" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 47-4201 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.