(a) Any tax not paid when due shall bear interest at the rate of two percent (2%) per month, or fraction thereof, until the tax is paid.
(b) In addition to any interest charges, any tax not paid when due shall subject the lessor failing to pay such tax to a ten percent (10%) late payment penalty, unless a late filing penalty is due as provided in division (c) below. This penalty shall be calculated upon the amount of tax underpaid.
(c) In addition to any interest charges, any remittance return not filed when due shall subject the lessor failing to file such to a ten percent (10%) late filing penalty calculated upon the total tax liability due for such filing period.
(d) Any payment or return not physically received by the Commissioner by the due date shall be considered late.
(e) All payments received shall first be applied to penalty due, then interest due and finally the tax due for the period the payment is made for.
(f) The lessor shall be required to pay all tax, interest and penalty due from him or her, except that if the Commissioner finds that any late payment or late filing was due to reasonable cause, the penalty for such shall not apply.
(Ord. No. 532-91. Passed 3-18-91, eff. 3-22-91)