(A) Any seller who fails to remit any portion of any tax imposed by this subchapter within the time required shall pay a penalty of 10% of the amount of the tax, in addition to the amount of the tax.
(B) If the city determines that the nonpayment of any remittance due under this subchapter is due to fraud, a penalty of 25% of the amount of the tax shall be added thereto in addition to the penalty stated in division (A) above.
(C) In addition to the penalties imposed, any seller who fails to remit any tax imposed by this subchapter shall pay interest at the rate of 1% per month, or fraction thereof, on the amount of the tax, exclusive of penalties, from the date on which the remittance first became delinquent until paid.
(D) Every penalty imposed, and such interest as accrues under the provisions of this section, shall become a part of the tax required to be paid.
(E) All sums collected pursuant to the penalty provisions in this section shall be distributed to the city’s General Fund, and may be used to offset the costs of auditing and enforcement of this tax.
(Prior Code, § 34.16)