A. Late Payment: If any tax imposed by this chapter is not paid within the time herein specified for the payment or an extension thereof, there shall be added thereto a specific penalty equal to ten percent (10%) of the amount remaining unpaid.
B. Late Filing: In case of any failure to make and file a return within the time prescribed by this chapter, unless it is shown that such failure is not due to wilful neglect, there shall be added to the tax, in addition to the penalty provided in subsection A of this section, a penalty of ten percent (10%) for each thirty (30) day period or fraction thereof during which such failure continues, not exceeding twenty five percent (25%) in the aggregate. There shall be a minimum penalty assessed of twenty five dollars ($25.00) if penalties in the aggregate do not exceed that amount. The amount so added to any tax shall be collected at the same time and in the same manner and as part of the tax, unless the tax has been paid before the discovery of the negligence; in which case, the amount so added shall be collected in the same manner as the tax.
C. Wilful Failure To File; False Or Fraudulent Return: If any person wilfully fails to file any return or make any payment required by this chapter or wilfully files a false or fraudulent return or wilfully attempts in any manner to evade or defeat any such tax or payment thereof, there shall also be imposed as a penalty an amount equal to fifty percent (50%) of any tax (less any amounts paid on the basis of such false or fraudulent return) found due for the period to which such return related. This penalty shall be collected as part of the tax, and shall be in addition to any other penalties provided by this chapter.
D. Application Of Payment: All payments received shall be credited first to penalties, next to interest, and then to the tax due.
E. Interest: The amount of tax not timely paid, together with any penalty provided by this chapter, shall bear interest at the rate of ten percent (10%) per annum from the time such tax should have been paid until payment is made. Any interest and penalty shall be added to the tax and be collected as part thereof. (Ord. 63, 5-2-1995)