Section 26B-3-609 - Penalties(1) A hospital that fails to pay a quarterly assessment, make the mandated intergovernmental transfer, or file a return as required under this part, within the time required by this part, shall pay penalties described in this section, in addition to the assessment or intergovernmental transfer.(2) If a hospital fails to timely pay the full amount of a quarterly assessment or the mandated intergovernmental transfer, the department shall add to the assessment or intergovernmental transfer:(a) a penalty equal to 5% of the quarterly amount not paid on or before the due date; and(b) on the last day of each quarter after the due date until the assessed amount and the penalty imposed under Subsection (2)(a) are paid in full, an additional 5% penalty on: (i) any unpaid quarterly assessment or intergovernmental transfer; and(ii) any unpaid penalty assessment.(3) Upon making a record of the division's actions, and upon reasonable cause shown, the division may waive or reduce any of the penalties imposed under this part.Renumbered from § 26-36c-207 and amended by Chapter 306, 2023 General Session ,§ 105, eff. 5/3/2023.Added by Chapter 468, 2018 General Session ,§ 24, eff. 5/8/2018. Affected by 63I-1-226 on 7/1/2024