§ 78708

78708. Any person who fails to file a return or pay any assessment within the time required by the commission shall pay to the commission a penalty of 10 percent of the amount of the assessment determined to be due, and, in addition, shall pay 11/2 percent interest per month on the unpaid balance.(Added by Stats. 1995, Ch. 210, Sec. 1. Effective January 1, 1996.)