(A) Interest. In addition to the penalties imposed, interest shall be added to the overall tax amount due at a rate of 1% for each month, or fraction of a month without proration for portions of a month, from the time the return was originally required to be filed by the local tax trustee to the time of payment.
(B) Penalty. If the local tax trustee fails to file a return or pay the tax as required, a penalty shall be imposed upon the local tax trustee in the amount of 10% of the amount of tax due in addition to the amount of the tax. Any local tax trustee who fails to file a return or pay the tax as required on or before 30 days following the date on which the remittance first became delinquent, shall pay a second penalty of 15% of the amount of the tax due in addition to the amount of tax and the original 10% penalty.
(C) Financial obligation. Every penalty imposed, and any interest that accrues, becomes a part of the financial obligation required to be paid by the local tax trustee and remitted to the city.
(D) Enforcement. If at any time a local tax trustee fails to remit any amount owed in taxes, interest or penalties, the city or an authorized designee such as the Oregon Department of Revenue, may enforce collection on behalf of the city of the owed amount.
(Ord. 2017-13, passed 11-27-2017)