/ SECTION ___. Section 41-31-330(A) of the 1976 Code is amended to read:
"Section 41-31-330. (A) If the department finds that an additional contribution is due, that the report was made in good faith, that the understatement of the contribution is not deliberate, then no penalty shall be added because of the understatement. However, the amount of the deficiency shall bear interest at the rate of one percent for each month or fraction of a month that it remains unpaid. However, for calendar year 2011, retroactive to January 1, 2011, for months January through June 30 of that year, the amount of deficiency shall bear interest at the rate of 0.25 percent for each month or fraction of a month that it remains unpaid." /
Renumber sections to conform.
Amend title to conform.