(A) If any person shall continue any business, trade, employment or profession or do any act for which a license has been issued after the expiration of the license, without obtaining a new license, he or she shall be punished as provided in § 10.99, but the fine shall be not less than 20% of the tax in addition to the tax and cost.
(B) If the failure to apply for and obtain a new license is continued, the person shall pay an additional tax of 5% of the amount of the town tax which was due and payable on July 1 of the current year, in addition to any state tax imposed by the General Statutes of North Carolina, for every 30 days that the town license tax remains unpaid from the date that the same is due and payable. The additional tax shall be assessed by the Tax Collector and paid with the town license tax and shall become a part of the license tax.
(1977 Code, § 16-10)