Any tax imposed by this subchapter which shall remain unpaid after it becomes due, as set forth herein, shall have added to it a penalty of 10%, together with interest at the rate of 12% against the total amount of tax overdue at any time. After 60 days, the amount of the penalty shall be compounded each month. These penalties shall also apply in the case of late payment of city occupational tax.
(Ord. 03-19, passed 9-15-03) Penalty, see § 33.99