(A) Interest shall be added to the overall tax amount due at the same rate established under O.R.S. 305.220 for each month, or fraction of a month, from the time the return to the Tax Administrator was originally required to be filed to the time of payment.
(B) If a transient lodging tax collector fails to file a return or pay the tax as required, a penalty shall be imposed in the same manner and amount provided under O.R.S. 314.400. Every penalty imposed, and any interest that accrues becomes a part of the financial obligation required to be paid and remitted to the Tax Administrator.
(C) Taxes, interest, and penalties paid to the Tax Administrator under this section shall be distributed to the city’s Transient Room Tax Fund.
(Ord. 22, passed 3-5-1976; Ord. 330-21, passed 9-21-2021)