For failure to pay a license tax when due, the Collector shall add a penalty of 25% of such license tax on the sixteenth day of each month after the due date thereof; provided, however, the amount of such penalty to be added shall in no event exceed 100% of the amount of the license tax due. The Collector may, at his or her discretion and for good cause, waive any penalty that would have otherwise accrued.
(`78 Code, § 5.02.330.) (Ord. 2430 § 1, 1999.)