§ 10-5. Due and payment dates.

(a)

On January 1 of each year, the license tax herein authorized to be levied shall be due and payable to the collector of municipal taxes, who shall commence collecting the tax from each person pursuing and conducting any business subject to taxation under this chapter, the state Constitution, and applicable state laws. All license taxes levied hereunder shall be due and payable on January 1 of each calendar year for which the license is due, except that for a new business commencing after January 1 of any calendar year, the first license shall be due and payable on the date the business is commenced.

(b)

All license taxes levied herein shall be due and payable on January 1 of each year and all unpaid license taxes shall become delinquent on March 1.

(1)

When any taxpayer fails to pay the tax, or any portion thereof, on or before March 1, interest at the rate of 1¼ percent per month shall be added to the amount of tax due and such interest shall be computed from the due date until the tax is paid.

(2)

In addition to the interest charged on delinquent taxes there shall be imposed a penalty of five percent of the total tax due if the failure or delinquency is for not more than 30 days, with an additional five percent for each additional 30 days or fraction thereof during which the failure or delinquency continues, not to exceed 25 percent of the tax in the aggregate.

(Code 1968, § 12-5; Ord. No. 453, § 5, 12-15-1981; Ord. No. 562, 12-4-2001)