(a) If any seller whose duty it is
to do so shall fail or refuse to remit to the treasurer the tax required to be collected
and paid under this article within the time and within the amount specified in this
article, there shall be added to such tax by the treasurer a penalty for each such failure
or refusal in the amount of ten percent (10%) thereof or ten dollars ($10.00), whichever
is greater, and interest thereon at the rate of ten percent (10%) per annum, which shall
be computed upon the taxes and penalty from the date such taxes are due and payable. No
such penalty shall exceed the amount of tax owed.
(b) If any seller whose duty it is to do so shall fail or refuse to
file any report required by this article within the time specified, there shall be added
to the tax due by the commissioner of revenue a penalty for each such failure or refusal
in the amount of ten percent (10%) thereof or ten dollars ($10.00), whichever is greater,
which penalty shall become part of the tax owed at the time the penalty is assessed. No
such penalty shall exceed the amount of tax owed.