If a person fails or refuses to remit to the commissioner of the revenue the tax required
to be collected and paid under this article within the time specified in this article,
he shall incur a penalty of ten percent of the tax past due or the sum of $10.00,
whichever is greater, which penalty shall become a part of the tax. The assessment
of the penalty shall not be deemed a defense to any criminal prosecution for failing
to make any return or remittance as required in this article. Additionally, interest
on late tax payments shall accrue at the rate of ten percent per year. Penalty and
interest for failure to pay the tax assessed pursuant to this article shall be assessed
on the first day following the day such quarterly installment payment is due.
(Code 1978, § 8-65)
