§ 35-171. Interest on unpaid taxes.

Latest version.

When any taxpayer fails to pay any tax, or any portion thereof, due under the provisions of this article on or before the day when it shall be required by law to be paid, there shall be added to the amount of tax due, interest at the rate of twelve (12) percent per annum from the due date until paid. If the term for which interest is to be charged exceeds four (4) years, the rate of interest for the period beyond four (4) years shall be reduced to six (6) percent per annum. Such interest shall be an obligation to be collected and accounted for in the same manner as if it were part of the tax due and can be enforced in a separate action or in the same action for collection of the tax, and shall not be waived or remitted.

(Ord. No. 17268, § 1, 6-10-87)

                    
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