A. If any tax required under this chapter is not paid within the time herein specified or within the approved extension period thereof, the operator shall pay a penalty equal to ten percent (10%) of the amount unpaid, in addition to the tax due and owing.
B. Any tax required under this chapter not paid within twenty five (25) days after the end of the month in which the taxes were collected by the operator, together with any penalty provided herein, shall bear interest at a rate of eight percent (8%) per annum and shall begin to accrue at the time the tax was required to be paid. Any interest and penalty shall be added to the tax and shall be collected as part thereof. (Ord. 1015, 10-8-2001, eff. 12-1-2001)