(a) All taxes imposed and monies withheld or required to be withheld by employers under the provisions of this chapter, remaining unpaid after they become due, shall bear interest at the rate of one-half of one percent (1/2%) per month.
(Ord. 2006-34-F. Passed 10-17-06.)
(b) In addition to interest as provided in subsection (a) hereof, penalties for failure to pay taxes and to withhold and remit taxes pursuant to the provisions of this chapter are hereby imposed as follows:
(1) In the case of taxpayers failing to pay the full amount of tax due, a penalty of six percent (6%) per annum.
(2) In the case of employers failing to withhold and remit taxes to the Tax Commissioner the taxes to be withheld from employees, a penalty of twelve percent (12%) per month, or fraction thereof.
(Ord. 2011-20-F. Passed 7-5-11.)
(Ord. 2011-20-F. Passed 7-5-11.)
(c) Exceptions. A penalty shall not be assessed on an additional tax assessment made by the Tax Commissioner when a return has been filed in good faith and the tax paid thereon within the time prescribed by the Tax Commissioner; and provided further that, in the absence of fraud, neither penalty nor interest shall be assessed on any additional tax assessment resulting from a federal audit, providing an amended return is filed and the additional tax is paid within three (3) months after the final determination of the federal tax liability.
(d) Filings, including requests for extensions, must be received in the office of the Tax Commissioner by the due date.
(e) Upon an appeal from the refusal of the Tax Commissioner to recommend abatement of penalty and interest, the Board of Review may abate such penalty or interest, or both.
(Ord. 2006-34-F. Passed 10-17-06.)