If any person, whose duty it is so to do, shall fail or refuse to remit to the city
treasurer the tax required to be collected and paid under this article, within the
time and in the amount specified in this article, there shall be added to such tax
by the city treasurer a penalty in the amount of ten (10) percent, if the failure
is for not more than thirty (30) days, with an additional five (5) percent for each
additional thirty (30) days or fraction thereof during which the failure continues,
not to exceed twenty-five (25) percent in the aggregate, with a minimum penalty of
ten dollars ($10.00), but in no event shall the penalty exceed the amount of tax assessable.
In addition, interest of the rate of ten (10) percent per annum shall be computed
and collected on the tax and penalty beginning from the date such taxes were due and
payable.
(Ord. No. 1508, § 5; Code 1961, § 16-110; Ord. No. 6161-05; Ord. No. 6315-06, § 1)
