For failure to pay a license tax when late and unpaid as of 12:00 midnight on August 15th of each year, the Finance Director shall add a penalty of 20%, and an additional penalty of 10% on the 15th of each month thereafter until the tax and penalty are paid; provided, that the amount of such penalty to be added shall in no event exceed 50% of the amount of the license tax due. In the event that August 15th falls on Saturday, Sunday or a holiday at such time City offices are closed, the last date to make full payment to avoid the penalty will become the first working day following the Saturday, Sunday or holiday. Failure of the City to provide a return form does not excuse a business operator from the obligation to timely remit the tax pursuant to this Article.

In the case of a newly established business, no penalty shall be imposed if the license tax is paid within 30 days after the commencement of operation. Otherwise, 20% will be added at the end of the first 30 days and 10% added every 30 days thereafter; provided, that the amount of such penalty to be added shall in no event exceed 50% of the amount of the license tax due. (Ord. 3559 § 9, 2017; Ord. 3245 § 1, 1999)