Any person engaging in business in the city without first obtaining a business license and paying all taxes due therefor or any person failing to pay a business license tax when due shall be assessed a penalty of 20% of the unpaid amount of such tax on the last calendar day of each month after the due date thereof. In no event shall any penalty assessed under this chapter exceed an amount equal to 100% of such license tax.
(`83 Code, § 5.04.100) (Ord. 93-21 § 2, 1993)