171.02 PENALTIES ON UNPAID TAX.

   Subject to subdivision (e) of Section 169.06 hereof, in addition to interest as provided in Section 171.01 hereof, penalties based on the unpaid tax of installments of estimated tax are hereby imposed as follows:

   (a)   For failure to pay taxes or estimated taxes due, other than taxes withheld, or for failure to file a return even if no tax is due: eighteen percent (18%) per annum, but not less than twenty-five dollars ($25.00).

   (b)   For failure to remit taxes withheld from employees: fifteen percent (15%) per month or fraction thereof, but accumulated penalty shall not exceed one hundred percent (100%) upon any unpaid amount and shall not be less than twenty-five dollars ($25.00).

   (c)   All other penalties shall be levied at a rate of one and one-half percent (1-1/2%) per month.

      (Ord. 7464-02. Passed 5-6-02.)