§ 78291 Late Payment Penalties

• •If you're a producer or handler and you don't file your return or pay your assessment on time, you'll have to pay extra.
• •The extra money you pay is 10% of what you owe as a penalty.
• •You also have to pay 1.5% interest every month on the amount you haven't paid yet.

A farmer doesn't pay his $1,000 assessment on time.

The farmer will have to pay a $100 penalty (10% of $1,000) and 1.5% interest every month on the $1,000 until it's paid.