Any bank which fails to file a return or pay the tax required by this article shall be subject to a penalty of five percent (5%) of the tax due. If the commissioner of revenue is satisfied that such failure is due to providential or other good cause, such return and payment of tax shall be accepted exclusive of such penalty, but with interest determined in accordance with section 58.1-15, Code of Virginia.

(Ord. No. O98-12, 8/5/98)