§ 32.044  VIOLATIONS.
   Any bank which fails to file a return or pay the tax required by this subchapter or fails to comply with any other provision of this subchapter shall be subject to a penalty of 5% of the tax due. If the Town Clerk is satisfied that such failure is due to providential or other good cause, such return and payment of tax shall be accepted exclusive of such penalty, but with interest determined in accordance with VA Code § 58.1-15.
(1996 Code, § 148-21)