(a) All taxes imposed by this Chapter and Chapter 181, including taxes withheld or required to be withheld from wages and other compensation as defined herein, by an employer and remaining unpaid after they have become due, shall bear interest on the amount of the unpaid balance at a rate of one percent (1%) per month and the taxpayers upon whom the taxes are imposed, and the employers required by this Chapter or Chapter 181 to deduct, withhold and pay taxes imposed by this Chapter or Chapter 181, shall be liable, in addition thereto, to a penalty of twelve percent (12%) of the amount of the unpaid tax, or twenty-five dollars ($25.00), whichever is greater. All taxpayers are required to file a return. A penalty of twenty-five dollars ($25.00) shall be imposed for the failure to file a return whether or not a tax is due. The Fiscal Officer may abate interest or penalties, or both, for good cause shown, and upon the failure of the Fiscal Officer to abate interest or penalties, or both, a taxpayer may appeal that decision to the Village Council who is authorized to approve such an abatement.
(Ord. 2008-16. Passed 6-25- 08.)
(b) There shall be a twenty-five dollar ($25.00) penalty charged for each quarter a declaration of estimated payment is late or missed, plus interest.
(c) No interest or penalty shall be assessed or charged against a taxpayer for the late payment of non-payment of estimated tax liability in either of the following circumstances:
(1) The taxpayer is an individual who resides in the municipal corporation but was not domiciled there on the first day of January of the current calendar year.
(2) The taxpayer has remitted, pursuant to Section 181.18(b), an amount at least equal to one hundred percent (100%) of the taxpayer’s tax liability for the preceding year as shown on the return filed by the taxpayer for the preceding year, provided that the return for the preceding year reflected a twelve month period and the taxpayer filed a return for the preceding year. (Ord. 2005-15. Passed 9-12-05.)