173.24 PENALTIES ON UNPAID TAX AND UNFILED RETURNS OR DECLARATIONS.

   (a)    In addition to interest as provided in Section 173.23, penalties based on the unpaid tax are hereby imposed as follows:

      (1)    For failure to pay taxes due other than taxes withheld: one percent (1%) per month or fraction thereof or twelve percent (12%), whichever is greater.

      (2)    For failure to remit taxes withheld from employees: six percent (6%) per month or fraction thereof or twelve percent (12%), whichever is greater.

      (3)    Any penalty assessed hereunder shall be in the minimum amount of ten dollars ($10.00).

   (b)    For the failure or neglect to timely file any return or declaration required by this chapter, there shall be assessed a penalty in the amount of twenty-five dollars ($25.00).

(Ord. 2004-218. Passed 12-21-04.)