In addition to the penalty for failure to pay the tax imposed under this chapter on time, interest may accrue on the sum of the tax and penalty at the rate of ten percent per year computed on a monthly basis beginning the first day following the day on which the tax was due and payable.
(Ord. 83-04. Passed 3-7-83; Ord. 04-07. Passed 4-20-04; Ord. 04-10. Passed 6-8-04.)