§ 45-57-242-04

04Assessing Penalty and Interest.Any person, firm, or corporation who fails to pay the tax herein leviedwithin the time prescribed by this part, in addition to the tax, shall pay apenalty of 10 percent of the amount of tax, together with interest thereon atthe rate of one-half of one percent per month, or fraction thereof, from thedate at which the tax herein levied became payable, the penalty and interest tobe assessed and collected as a part of the tax.(Act 81–473, p. 821, § 5.)