(a) If any amount of tax imposed by this chapter, including all moneys withheld or required to be withheld by employers and all installments of estimated taxes required to be paid, is not paid on or before the last date prescribed for payment, interest in the amount of ten percent (10%) per annum shall immediately become due on such amount and shall be paid for the period from such last date to the date the tax amount due is paid in full.
(b) Interest prescribed under this section on any tax shall be paid upon notice and demand and shall be assessed, collected and paid in the same manner as taxes. For the purposes of this section, any penalty and/or interest remaining unpaid after the prescribed due date set forth upon notice shall be treated as tax.
(Ord. 49-1984. Passed 6-18-84.)