All license fees imposed by this chapter shall be due no later than thirty (30) days after the end of each calendar quarter. The payment shall be submitted to the local government, together with Form LGT-141 on or before the due date. Any license fee or tax not paid on or before the due date shall bear interest from the date due until paid at the interest rate established annually by the Department of Revenue for unpaid or underpaid taxes. This interest shall be paid to the local government together with the license fee or tax that is due. In addition, the insurance company shall pay to the local government a penalty in the amount of ten percent (10%) on a license tax or fee not paid within thirty (30) days after the due date.
(Ord. 2016-01, passed 3-10-16)