The license required by the provisions of this subchapter shall expire on June 30 of each year. Any person acquiring a motor vehicle after June 30 shall pay the pro rata share of the license tax computed on a quarterly basis, but in no event shall such license tax be for a less period of time than three months, and if such license is not procured within 30 days after acquiring the motor vehicle, there also shall be added to the license tax a penalty of $5. If a required license tax is not paid by June 30 each year, there shall be added thereto a penalty of $5.
(Prior Code, § 70.37) (Ord. 520.2, passed - -) Penalty, see § 70.99