In the event of failure by any person to collect and pay to the Comptroller the tax required hereunder when the same shall be due, interest shall accumulate and be due upon the tax at the rate of 1% per month commencing as of the first day following the day when the tax becomes due. In addition, a penalty of 10% of the tax and interest due shall be assessed and collected against any person who shall fail to pay the tax imposed by this subchapter.
(Ord. 96-6, passed 3-13-96)