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required to be collected and paid under this Article within the time specified in the Article, there shall be added to such tax a penalty in the amount of ten percent (10%) of the tax passed due or the sum of ten dollars ($10.00), whichever is the greater amount. The assessment of such penalty shall not be deemed a defense to any criminal prosecution for failing to make any return or remittance as required in this Article. Additionally, interest on late payments of all taxes due shall be added at the rate of ten percent (10%) per annum. Penalty and interest for failure to pay the tax assessed pursuant to this Article shall be assessed on the first day following the day such quarterly installment payment is due. Section 35-5Gt. Exclusions and exemptions. No tax shall be collected or assessed on (i) rentals by the Commonwealth, any political subdivision of the Commonwealth, or the United States of America, or (ii) any rental of durable medical equipment as defined in subdivision 22 of Section 58.1-608 of the Code of Virginia. Additionally, all exemptions applicable in Chapter 6 of Title 58.1 of the Code of Virginia shall apply mutatis mutandis to the daily rental property tax. Section 35-502. Renters' Certificate of Registration. Every person engaging in the business of short-term rental of tangible personal property shall file an application for a Certificate of Registration with the Commissioner o~ the Revenue. The application shall be on a form prescribed by the Commissioner of the Revenue and shall set forth the name under which the applicant intends to operate the rental business, the location and such other information as the Commissioner of the Revenue may require. Each applicant shall sign the application as owner of the rental business. If the rental business is owned by an association, partnership or corporation, the application shall be siqned by a member, partner, executive officer or other person specifically authorized by the association, partnership or corporation to sign. Upon approval Of ~he application by the Commissioner of the Revenue, a certificate of registration shall be issued. The Certificate shall be conspicuously displayed at all times at the place of business for which it is issued. The Certificate is not assignable and shall be valid only for the person in whose name it is issued and the place of business designated. Section 35-503. Criminal penalties for violation of Article. Any person violating or failing to comply with any