A. Annual and semiannual taxes shall become delinquent if not paid on the last day of the calendar month during which they become due and payable.
B. If any license tax provided in this chapter is not paid before it becomes delinquent, a penalty equal to ten percent of the tax shall be added to the tax and become payable therewith on the first day of each calendar month during which the delinquency exists; provided, however, that the amount of such penalty to be added shall in no event exceed fifty percent of the license tax due.
(Prior code § 5.04.230 (Ord. 494 § 20, 1960))