Mississippi § 71-5-363 - Interest on past due contributions.
Full text of Mississippi Mississippi Code of 1972 Annotated § 71-5-363 — Interest on past due contributions., with citation guidance and answers to common questions.
§ 71-5-363. Interest on past due contributions.
Contributions unpaid on the date on which they are due and payable shall bear interest at the rate of one percent (1%) per month from and after such date until payment plus accrued interest is received by the commission, provided that the commission may prescribe fair and reasonable general rules pursuant to which such interest shall not accrue during the first calendar year that any employer is subject to this chapter. Interest collected pursuant to this section shall be paid into the special employment security administration fund established by Section 71-5-114.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 71-5-363
What does Mississippi Code of 1972 Annotated § 71-5-363 cover?
Section 71-5-363 ("Interest on past due contributions.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. 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 Mississippi § 71-5-363?
A common citation format is "Mississippi Code of 1972 Annotated § 71-5-363" (Mississippi). 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 Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 71-5-363 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi 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 Mississippi.