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Sec. 11.1-14.5. Interest and penalty.

If any person, whose duty it is to do so, shall fail or refuse to
make such report and remit such tax as required by this article
within the time and in the amount required, there shall be added
to such tax by the commissioner a penalty in the amount of five
percentum of such tax, or a minimum of two dollars, if such
failure is for not more than thirty days duration, and thereafter
interest shall be payable on such overdue tax in the amount of six
percentum per annum. (6-3-74, § 1.)