In addition to the penalties imposed by § 5.07.040 of this code, the licensee shall be assessed interest at the rate of 1% per month, or fraction thereof, on the amount of the tax, exclusive of penalties, from the date on which the license tax first became delinquent until paid; however, payment shall not begin until the sixth month of delinquency.
('86 Code, § 5.07.050) (Ord. 4241, passed - - )