Eligibility for Interest and Penalty Waiver Notice

It has become apparent to PERC that some organizations don’t know of PERA and the assessment requirements (for example, companies new to the industry) or don’t fully understand the assessment requirements (for example, treatment of imports). 

In order to minimize the financial impact that back assessments may cause an organization, PERC has instituted a waiver on interest and penalties under certain conditions. In order to be eligible for this waiver, a remitter needs to: 1.) reasonably demonstrate that an oversight of past assessments was unintentional, and 2.) when the oversight is found, the remitter must fully cooperate with PERC’s assessment investigations.  The standard policy is a charge of a 5 percent penalty and 1.5 pecent interest per-month when assessments are overdue.