§ 11-2-21. PENALTIES; INTEREST.

(A)

In addition to the tax imposed under this chapter, a person shall pay a penalty of five percent of the tax due if the person:

(1)

fails to file a report on or before the due date;

(2)

fails to pay the tax imposed on or before the due date; or

(3)

files a report containing false information.

(B)

A person who fails to pay any amount of the tax and penalty due under Subsection (A) on or before the 60th day after the tax is due shall pay an additional five percent penalty on the unpaid tax. A delinquency penalty shall not be less than one dollar.

(C)

Beginning on the 61st day after the due date, delinquent taxes shall draw interest at a rate of 10 percent per annum.

Source: 1992 Code Section 5-3-20(A); Ord. 031204-10; Ord. 031211-11.