(A) The tax imposed by this subchapter, if not paid when due, shall bear interest at the rate of 8% per annum from the due date of the payment until paid.
(B) If any person fails to make the return or any quarterly installment required by this subchapter, or makes its return but fails to remit, in whole or in part, the proper amount of tax, there shall be added to the amount of tax unpaid, from the date such tax should have been paid, a penalty in the amount of 5% of the tax for the first month, or fraction thereof, of delinquency, and 1% of the tax for each succeeding month, or fraction thereof of delinquency; provided, that if such failure is due to reasonable cause, the Treasurer may waive, in whole or in part, these penalties. Additionally, if the failure to pay is due to fraud or intent to evade any such tax there shall be added an additional penalty of 25% of the tax owed, exclusive of penalties. Interest and penalties may be collected in the same manner as the tax imposed by this subchapter.
(1991 Code, § 6-49) (Ord. 070, passed 1-3-2008; Ord. 236, passed 5-18-2017)