(A) In case any person who is required under this subchapter to file a tax return to the city fails to file a return when and as required under this subchapter, such person shall pay to the city, in addition to the amount of tax required to be transmitted, a penalty of 5% of the tax that such person is required to transmit to the city provided, however, a 20% penalty shall be imposed for any fraudulent failure to transmit such tax.
(B) In case any person who is required under this subchapter to file a tax return to the city files a return at the time required but fails to transmit the tax proceeds, or any portion thereof to the city when due, a penalty of 5% of the amount of tax not transmitted to the city shall be added thereto; provided, however, the fraudulent failure to pay such tax shall result in a 20% penalty.
(C) In addition to any penalty for which provision is made in this subchapter, any amount of tax not transmitted when due shall bear interest at the rate of 2% per month, or fraction thereof, until fully transmitted.
(Ord. 15-3492, passed 7-6-2015)