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 ten percent per annum. The taxpayers upon whom such taxes are imposed and the employers required by this chapter to deduct, withhold and pay taxes imposed by this chapter shall be liable, in addition thereto, to a penalty of twenty-five dollars ($25.00), which shall be charged to every taxpayer who fails to file his or her final tax return when due. The Director of Finance may, at his or her discretion, abate the interest or penalties, or both. The Board of Review may abate the interest or penalties, or both, upon appeal from the decision of the Finance Director to refuse to abate such interest or penalties, or both.
(Ord. 25-94. Passed 12-20-94.)