A person who fails to pay or remit the tax or file the remittance return required under this chapter shall be subject to the following penalties and interest.
(A) Any person who fails to file a remittance return when due shall be subject to a late filing penalty equal to 10% of the total tax liability for the reporting period. This penalty is in addition to any interest charges due and owing under division (B) hereof.
(B) In addition to any penalties due and owing under division (A) hereof, any tax not paid or remitted when due shall bear interest at a rate of 5% per month, or any fraction thereof, until the tax is paid or remitted.
(Ord. 94-07, passed 2-8-1994)