(A) For failure to pay a business tax within thirty (30) days of the due date, the collector shall add a penalty of twenty five percent (25%) of the business tax, provided that the amount of such penalty to be added shall in no event exceed fifty percent (50%) of the amount of the business tax due. (Ord. 664-99, 2-16-1999)
(B) No business tax certificate or sticker, tag, plate or symbol shall be issued, nor one which has been suspended or revoked shall be reinstated or reissued, to any person who at the time of applying therefor, is indebted to the city for any delinquent business taxes, unless such person, with the consent of the collector, enters into a written agreement with the city, through the collector, to pay such delinquent taxes, plus the penalty and ten percent (10%) annual interest upon the balance, in monthly installments, or more often extending over a period of not to exceed one year.
1. In an agreement so entered into, such person shall acknowledge the obligation owed to the city and agree that, in the event of failure to make timely payment of any installment, the whole amount unpaid shall become immediately due and payable and that his current business tax certificate shall be revocable by the collector within thirty (30) days' notice. In the event legal action is brought by the city to enforce collection of any amount included in the agreement, such person shall pay all costs of suit incurred by the city or its assignee, including a reasonable cost allocated for attorney fees.
2. The execution of such an agreement shall not prevent the prior accrual of penalties on unpaid balances at the rate provided in subsection (A) of this section, but no penalties shall accrue on account of taxes included in the agreement, after the execution of the agreement, and the payment of the first installment and during such time as such person shall not be in breach of the agreement. (Ord. 621-94, 12-20-1994)