(a) If a retail establishment does not remit to the Director any tax owed under Section 52-79 when due, the retail establishment is liable for:
(1) interest on the collections at the rate of one percent per month for each month or part of a month after the remittance is due; and
(2) a penalty of 5 percent of the amount of the collections per month or part of a month after the remittance is due, up to 25 percent of the tax collected.
(b) The Director must collect any interest and penalty as part of the remittance due. (2011 L.M.C., ch. 6, § 1; 2016 L.M.C., ch. 7, § 2.)