(A) (1) Every employer who fails to file a return or pay the fee on or before the date prescribed herein shall be subject to a penalty in an amount equal to 5% of the fee due for each calendar month or fraction thereof. The total penalty levied pursuant to this division shall not exceed 25% of the total fee due; however, the penalty shall not be less than$25.
(2) In addition to the penalties prescribed in this section, any employer shall pay, as part of the fee, an amount equal to 12% per annum simple interest on the fee shown due, but not previously paid, from the time the fee was due until the fee is paid to the City [a fraction of a month is counted as an entire month.]
(B) Any person or employer who fails or refuses to withhold any license fee payable under this subchapter, or who fails to pay the fee, after withholding the same, to the Chief Financial Officer at the time it is due, as provided under the terms of § 37.048, shall become liable to the City for the fee, as well as for the interest thereon at the rate of 12% per annum and for the aforesaid penalty.
(1995 Code, § 3.16.100) Penalty, see § 37.999