Failure to comply with the provisions of the tax ordinance or these regulations may result in sanctions, including:
(A) Interest on underpayment. If any amount of tax imposed by the tax provisions is not paid on or before the last date prescribed for payment, interest on such amount at the rate of 1% per month, or fraction of a month, shall be payable for the period from such last date to the date such amount is paid; and
(B) Penalty. If any amount of tax imposed by the tax ordinance is not paid on or before the last date prescribed for payment, there shall be added to the tax for the taxable year an amount equal to 10% of the amount of the tax due.
(Ord. 2015-5, passed 4-28-2015)