If for any reason tax is not paid when due, a penalty at the rate of ten percent (10%) of the amount of tax owed shall be applied plus interest at the rate of one and one-fourth percent (1.25%) per month from the date of delinquency shall be added and collected. If for any reason the reports or documents required by section 4-19-5 of this chapter are not received by the City when due, a penalty of fifty dollars ($50.00) shall be added to the amount of the tax due, assessed and due as of the day following the day the report or document was to be filed with the City. An additional fifty dollar ($50.00) penalty shall be due on the same day of each month thereafter until the proper reports and documents are filed and applicable penalties are fully paid. (Ord. 7126, 4-8-2009)