3.01.290 Interest on extensions of time for payment of tax
If any amount of sales or use tax is not paid on or before the last date prescribed for payment, interest on such amount, at the rate established by the State Commissioner of Banking pursuant to C.R.S. § 39-21-110.5 plus one-half percent (0.5%) per month, not exceeding eighteen percent (18%) in the aggregate, shall be paid for the period from such last date to the date paid. The last date prescribed for payment shall be determined without regard to any extension of time for payment and shall be determined without regard to any notice and demand for payment issued, by reason of jeopardy, prior to the last date otherwise prescribed for such payment. (Ord. O-2015-3 § 10, 2015;Ord. O-85-137 § 1 (part), 1985).