Sec. 36-228. Interest, penalties.
If any person shall fail or refuse to remit to the city collector the tax required to be collected and paid under this division within the time and in the amount specified in this division there shall be added to such tax by the collector a penalty in the amount of ten per cent (10%) thereof and interest thereon at the rate of ten per cent (10%) per annum which shall be computed upon the taxes and penalty from the date such taxes are due and payable. (Tax Code 1941, § 95; Ord. of 7-1-78; Ord. No. O-82-261, § 1, 12-14-82; Ord. No. O-95-099, 4-25-95)
Last updated date: 10/23/2006 4:15:21 PM