Penalty for Late Payment

Penalty for Late Payment. (a) Penalty at the rate of two percent shall be charged and become due and payable forthwith on the amount of any casino license fee or gambling revenue tax remaining unpaid after the date on which it becomes due and payable. (b) Additional penalty at the rate of two percent shall be charged and become due and payable on any part of any amount specified in subsection (a) of this section (including penalty) that remains unpaid: (1) upon the expiration of one month commencing on the date when the amount first became due and payable; and (2) upon the expiration of each month commencing on the like date thereafter. (c) Failure to pay the fees and taxes required above, shall cause the casino license to be automatically suspended on the 91st day past due. (d) The Commission may waive or defer payment of existing and future penalties only if such waiver or deferment is necessary due to the presence of significant and substantial economic hardship condition affecting the industry or the licensee, or if such waiver or deferment will enable the licensee to contribute to the Tinian economy in a significant and substantial manner. (e) The provisions of 10 CMC § 25146(d) shall be applicable to this section. Source: Tinian Local Initiative 1, § 63; amended by TLL 21-9, § 4 (§ 2584) (Mar. 30, 2020).