(a) In addition to interest as provided in Section 880.32, penalties based on the unpaid tax are hereby imposed as follows:
(1) For failure to pay taxes due, other than taxes withheld, ten percent per year, but not less than twenty-five dollars ($25.00);
(2) For failure to remit taxes withheld from employees, ten percent per month or fraction thereof, but the accumulated penalty shall not exceed fifty percent upon any unpaid balance and shall not be less than twenty-five dollars ($25.00).
(Ord. 78-80. Passed 11-24-80.)
(b) A penalty shall not be assessed on an additional tax assessment made by the Administrator when a return was filed in good faith and the tax paid thereon within the time prescribed by the Administrator. In the absence of fraud, neither penalty nor interest shall be assessed on any additional tax assessment resulting from a Federal audit, provided that an amended return is filed and the additional tax is paid within three months after final determination of the Federal tax liability.
(Ord. 371-68. Passed 2-28-68.)