Rate of interest on amount of deferred taxes; time of accrual of interest on deferred taxes.
(a)The amount of taxes deferred pursuant to this part…#
(a) The amount of taxes deferred pursuant to this part shall accrue interest until paid at three-fourths of the rate specified in Code Section 48-2-40.
(b)Interest on taxes deferred pursuant to this part in any…#
(b) Interest on taxes deferred pursuant to this part in any year shall begin accruing on the date the taxes were due in that year. History. Code 1933, § 91A-2405, enacted by Ga. L. 1980, p. 1707, § 1; Ga. L. 1981, p. 1857, § 25.