(A) The city will issue deposit tax bills to financial institutions located within the city not later than December 1 of each tax year beginning with the year 2004, and for each tax year thereafter.
(B) Payment of the tax shall be due with a 2% discount off the total tax due if paid in full by December 31 of each year, or at 100% of the total tax due if paid by January 31 of the immediately following tax year.
(C) Payment of the deposit tax after January 31 of the year following the tax year shall result in a later penalty of 10% of the total tax due for the preceding tax year, together with interest at the rate defined in KRS 131.010(6) on the unpaid tax.
(Ord. 12-03-2, passed 12-15-03)