If a taxpayer that has made the election allowed under § 40.40 of this chapter; fails to pay any tax as required under §§ 40.40 to 40.55 of this chapter, or any portion of that tax, on or before the date prescribed for its payment, interest shall be assessed, collected, and paid, in the same manner as the tax, upon such unpaid amount at the rate per annum prescribed by R.C. § 5703.47 from the date prescribed for its payment until it is paid or until the date an assessment is issued under § 40.50 of this chapter, whichever occurs first.
(Ord. 2018-2, passed 2-12-2018)