Any operator who fails to remit any tax to the City or any amount of tax required to be collected and remitted to the City including amounts based on determination made by the Tax Administrator under Section 3.28.120, within the time required, shall pay a penalty of 10% of the amount of the tax in addition to the amount of tax, plus interest at the rate of 0.5% per month, or fraction thereof, from the date on which the tax or the amount of tax required to be collected becomes delinquent until the date of remittance or payment. Any operator who fails to pay any penalty imposed under this Section within ten days after receipt of notice thereof shall pay interest thereon at the rate of 0.5% per month, or fraction thereof from the date on which the penalty becomes due and payable to the City until the date of payment.
(3-12/90 § 3.24.100)