(A) The license tax shall be due, with respect to each licensing year, on September first of such year or such other date as the city ad valorem property taxes become due. Payment may be made on or before December 31 of the licensing year or such other date as the city ad valorem property taxes may be paid without a penalty, provided no license shall be valid if payment of the license tax is not made on or before December 31 of the licensing year or such other date as the city ad valorem property taxes may be paid without penalty, which invalidity shall relate back in time to the beginning of the licensing year.
(B) Payment of the license tax shall be deemed to be delinquent if not made on or before December 31 of the licensing year or such other date as payment of the city ad valorem property taxes are deemed to be delinquent. In the event of delinquency the Tax Collector may impose penalties and charge interest in the same manner and rate as the same are imposed and charged with respect to delinquent city ad valorem property taxes.
(1989 Code, § 3-50)