All license fees or taxes imposed by this chapter shall be due no later than 30 days after the end of each calendar quarter. The payment shall be submitted to the city, together with Form LGT-141 (or a substantially similar form prepared by the city) on or before the due date. Any license fee or tax not paid on or before the due date shall bear interest from the due date until paid at the interest rate established annually by the Department of Revenue for unpaid or underpaid taxes. This interest shall be paid to the city together with the license fee or tax that is due. In addition, the insurance company shall pay to the city a penalty in the amount of 10% on a license fee or tax not paid within 30 days after the due date.
(Ord. 2016-02, passed 2-16-2016)