A. For failure to pay a license tax when due, the finance director shall add a penalty of ten percent of said license tax on the last day of each month after the due date thereof, providing that the amount of such penalty to be added shall not exceed fifty percent of the license tax due.
B. In addition to the penalties imposed, any operator who fails to remit the license tax imposed by this chapter shall pay interest at the rate of one percent per month, or fraction thereof, on the amount of the tax, exclusive of penalties, from the date on which the remittance first became delinquent until paid.
(Prior code § 13.12 (Ord. 1098, Ord. 1924 §1, Ord. 2113 §1))