(a) All taxes imposed by this chapter, including taxes withheld or required to be withheld from wages by an employer and remaining unpaid after they have become due, shall bear interest on the amount of the unpaid tax at the rate of one percent per month (1%), or fraction of a month thereof. The rate of one percent (1%) is effective for tax year 2008 and subsequent tax years.
(b) In addition to interest as provided in subsection (a) hereof, effective for tax year 2008 and subsequent tax years penalties based on the unpaid tax are hereby imposed as follows:
(1) For failure to pay taxes due, other than taxes withheld: one percent per month (1%) or fraction of a month thereof of the unpaid tax, with a minimum charge of twenty-five dollars ($25.00).
(2) For failure to remit taxes withheld from employees: minimum penalty of fifty dollars ($50.00) or three percent per month (3.0%) or fraction of a month thereof, whichever is greater.
(c) Any taxpayer failing to file a return, even if no tax or no additional tax is due, or file an extension request by the filing deadline shall be assessed a penalty of twenty-five dollars ($25.00).
(d) Upon recommendation of the Director, the Board of Review may abate interest or penalties, or both, and upon appeal from the refusal of the Director to so recommend, the board may nevertheless abate interest or penalty or both.
(Ord. 2007-47. Passed 7-17-07.)
(Ord. 2007-47. Passed 7-17-07.)