In addition to interest as provided in Section 173.1501, penalties based on the unpaid tax or installments of estimated tax are hereby imposed as follows:
(a) For failure to pay taxes or estimated taxes due, other than taxes withheld: ten percent (10%) per year, but not less than twenty-five dollars ($25.00).
(b) For failure to remit taxes withheld from employees: ten percent (10%) per month or fraction thereof, but accumulated penalty shall not exceed fifty percent (50%) of any unpaid amount and shall not be less than fifty dollars ($50.00) for the first offense and one hundred dollars ($100.00) for each offense thereafter.
(Ord. 84-75. Passed 4-15-85.)