In the event of failure by any person to pay to the Village Clerk the tax required hereunder when the same shall be due, interest shall accumulate and be due upon said tax at the rate of one percent (1%) per month, commencing as of the first day following the day when the tax becomes due. In addition, a penalty of ten percent (10%) of the tax and interest due shall be assessed and collected against any person failing to pay the tax imposed upon said person under the terms of this subchapter.
(Ord. 328, passed 4-10-96; Am. Ord. 341, passed 5-8-96)