§ 12.08.080. Penalties and interest.

A.

The following penalties shall be cumulative and shall be imposed, due and payable, as indicated:

1.

If the registration tax has not been paid in full when due, a penalty of $25.00 shall be due and payable for each month following the due date until paid in full. The penalty shall not exceed $300.00 for each registration year.

a.

Seven-day grace period. Following each due date of taxes, seven calendar days shall elapse before any penalty is added to the tax. At the expiration of the seven-calendar-day grace period, the penalty will be added.

2.

For failure or refusal to comply with the reporting or disclosure of information required by section 12.08.070, a penalty of $300.00 may be assessed by the department.

B.

For failure to pay registration taxes as required under this chapter, interest at the rate of eight percent per annum shall accrue on all registration taxes due and payable. Interest shall be calculated and applied on a monthly basis.

(AO No. 94-211, § 1, 1-1-95)