If any amount of sales or use tax is not paid on or before the last date prescribed for payment, interest on such amount shall be paid at the rate imposed pursuant to subsection 130-79(c) for the period from such last date to the date the tax is paid in full. The last date prescribed for payment shall be determined without regard to any extension of time for payment and to any notice or demand for payment issued, by reason of jeopardy, prior to the last date otherwise prescribed for such payment. In the case of a sales or use tax for which the last date for payment is not otherwise prescribed, the last date for payment shall be deemed to be the date the liability for the tax arises, which, in no event shall it be later than the date notice and demand for the tax is made by the finance director. (Code 1979, § 36-26)