Earlier editions: 2026-09
Division 2 — FINANCE AND TAXATION›Part III — TAXATION›Chapter 28 — SEVERANCE TAX LAW
Torrance Municipal Code Art. 9 Interest and Penalties
Torrance Municipal Code · 2026-10 edition · updated 2026-10-05 · Torrance
Cite as: Torrance Municipal Code Article 9 · Text as of 2026-10-05
228.9.1 INTEREST AND PENALTY.
Any person who fails to pay any tax, except taxes determined by the Director under Article 5 or 6 of this Chapter, within the time required shall pay a penalty of ten (10) percent of the amount of the tax, in addition to the tax, plus interest at the rate of one-half (1/2) of one (1) percent per month, or fraction thereof, from the date on which the tax became due and payable until the date of payment.
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