If a taxpayer that has made the election allowed under § 37.091 fails to pay any tax as required under §§ 37.091 through 37.105 and 37.999(D), or any portion of that tax, on or before the date prescribed for its payment, interest shall be assessed, collected and paid, in the same manner as the tax, upon such unpaid amount at the rate per annum prescribed by R.C. § 5703.47 from the date prescribed for its payment until it is paid or until the date an assessment is issued under § 37.101, whichever occurs first.
(Ord. 03-18, passed 2-26-2018)