If a business license tax remains unpaid the Collector shall:
a. Impose twenty-five (25%) percent penalty for an annual license tax which is not paid within thirty (30) days of the due date;
b. Impose twenty-five (25%) percent penalty for a daily license tax which is not paid by the close of the day when it was due; and
c. In addition to the penalties imposed, any person who fails to pay any license fee within thirty (30) days of the due date shall pay interest at the rate of one and one half (1 1/2%) percent per month or fraction thereof, on the amount of the fee and penalties from the date on which the license fee is delinquent, until paid. (Ord. #93-3, §1)