(a) The penalties and interest, and limitations thereon, specified in Section 718.27 of Ohio Revised Code apply (i) to all City income tax returns required to be filed for taxable years beginning on or after January 1, 2016 and (ii) to all income tax, estimated income tax, and withholding tax payments required to be made or remitted to the City on or after January 1, 2016.
(b) Installment Plans. For presented rare or hardship cases approved by the Administrator or the Administrator's designee, payment plans for the payment of City income tax and any assessed interest and penalties may be entered into by and between the City and the subject taxpayer. All approved payment plans will require a minimum monthly payment of no less than fifty dollars ($50.00), and no approved payment plan can have a term that exceeds twelve months. Payment plans do not preclude the assessment of penalty and interest against the subject taxpayer on the balance of City income tax due at the time the payment plan is established. Any such installment payment plan agreement may include an undertaking by the taxpayer to pay the City an amount not to exceed fifty dollars ($50.00) to reimburse the City for the administrative costs incurred to establish the installment payment plan and to collect on it. If at any time during the term of the approved payment plan two monthly payments are not received by the required due dates, the payment plan will immediately terminate and become null and void. Any remaining balance of City income tax, interest, and penalties will then be due in full and must be remitted to the City within two weeks of written notification of the termination of the payment plan.
(c) Exceptions. A penalty shall not be assessed on an additional tax assessment made by the Administrator when a return has been filed in good faith and the tax paid thereon within the time prescribed by the Administrator. In the absence of fraud, neither penalty nor interest shall be assessed on any additional tax assessment resulting from a Federal audit, provided an amended return is filed and the additional tax is paid within three months after final determination of the Federal tax liability.
(d) Abatement by Board of Review. Upon recommendation of the Administrator, the Board of Review may abate penalty or interest, or both. Upon an appeal from the refusal of the Administrator to recommend abatement of penalty and interest, the Board may nevertheless abate penalty or interest or both.
(Ord. 72-15. Passed 9-28-15.)