Any person who fails to file a return or pay any assessment within the time required by the commission shall pay to the commission a penalty of 10 percent of the amount of the assessment determined to be due, and, in addition, shall pay 1.5 percent interest per month on the unpaid balance.
(Added by Stats. 2010, Ch. 605, Sec. 1. (AB 2695) Effective January 1, 2011.)