(a) If a retail establishment does not remit to the Director any tax owed under Section 52-79 when due, the retail establishment is liable for:
(1) interest on the collections at the rate of one percent per month for each month or part of a month after the remittance is due; and
(2) a penalty of 5 percent of the amount of the collections per month or part of a month after the remittance is due, up to 25 percent of the tax collected.
(b) The Director must collect any interest and penalty as part of the remittance due. (, § 1; , § 2.)
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