3-4-230 Failure to remit collected taxes penalty.

   A.   If a tax collector (1) knowingly collects any tax imposed by any tax ordinance, and (2) fails to remit the tax collected to the department before the department issues a notice of tax deficiency or notice of tax liability, then a penalty equal to 50 percent of the total tax collected and not remitted shall apply, unless the comptroller determines that such failure to remit collected taxes was due to reasonable cause.

   B.   This penalty may apply in addition to the failure to file penalty provided by Section 3-4-210 or, if the tax collector negligently or wilfully failed to remit the tax, this penalty may apply in addition to the negligence or wilfulness penalty provided by Section 3-4-220.

   C.   For any tax liability to which the failure to remit collected taxes penalty applies, the late penalties provided by Section 3-4-200 shall not apply.

(Added Coun. J. 11-14-91, p. 7458; Amend Coun. J. 11-16-11, p. 13798, Art. I, § 3)