If any person conducts any activity or exercises any privilege for which the payment of a license or permit fee or tax is required by the Codified Ordinances, without first paying such fee or tax, he shall, in addition to paying the fee or tax required for such activity or privileges, pay a late filing penalty of ten percent (10%) of the regular fee for each month or fraction of a month that he has been in default. Such late filing penalty shall be deemed a license penalty, and shall be assessed and collected in the manner provided in the Codified Ordinances, except that the certificate shall state separately thereon the amount paid as regular fee and the amount paid as a late filing penalty.
(1977 Code Sec. 31.09.)