A. Should a person fail to pay the tax due in the time prescribed, said person shall become liable for interest on the tax due at the rate of one percent per month.

B. Should a person fail to pay the tax due within 30 days after it is due, said person shall become liable for a penalty of 10 percent of the amount of the tax due, in addition to the interest provided for in subsection A of this section, and in addition to any other rights to enforce the requirements of this chapter that the City may have pursuant to this chapter or under law or equity. [Ord. 167 § 1, 1998.]