(a) Any tax not paid when due shall bear interest at the rate of two percent per month, or fraction thereof, until paid.
(b) In addition to any interest charges, an operator who fails to make timely payment of taxes shall be subject to a late payment penalty, unless a late filing penalty is due as provided in subsection (c) hereof, equal to ten percent of the taxes not paid timely.
(c) In addition to any interest charges, an operator who fails to file a remittance return when due shall be subject to a late filing penalty fee equal to ten percent of the taxes reported, or that should have been reported, on the return that is not filed timely.
(d) Any payment or return shall be considered paid or filed, respectively, on the date such payment or return is physically received by the Director.
(e) All payments received shall first be applied to any penalty due, the interest due and finally the taxes due for the period for which payment is made.
(f) The Director may abate all or any portion of the penalty imposed for late payment or late filing if the Director determines that such failure was due to reasonable cause and not willful neglect.
(Ord. 8511-1998. Passed 12-15-98.)