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3.01.300 Payment of assessed interest

A. Interest prescribed under Sections 3.01.260(B), 3.01.280, 3.01.290 and 3.01.310 shall be paid upon notice and demand and shall be assessed, collected and paid in the same manner as the tax to which such interest is applicable.
B. If any portion of a tax is satisfied by credit of an overpayment, no interest shall be imposed under this chapter on the portion of the tax so satisfied for any period during which, if the credit had not been made, interest would have been allowed with respect to such overpayment.
C. Interest prescribed under Sections 3.01.260(B), 3.01.280, 3.01.290 and 3.01.310 on any sales or use tax may be assessed and collected at any time during the period within which the tax to which such interest relates may be assessed and collected.
(Ord. O-2015-3 § 11, 2015;Ord. O-85-137 § 1 (part), 1985).