(A) In the event of failure by any person to pay the tax required in this subchapter when the same shall be due, simple interest shall accumulate and be due upon the tax at the rate of 1½% per month commencing as of the first day following the day when the deed was recorded or the assignment of beneficial interest was accepted by the trustee. In addition, a penalty of 50% 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.
(B) In addition to any other provision of this subchapter, any person found in violation of this subchapter shall be punished as set forth in § 37.999. The imposition of any find shall not relieve any person from the liability to pay the tax imposed herein.
(Ord. 711, passed 4-13-92)