(a) A late filing penalty shall be assessed upon the late or non-filing of any individual or business annual income tax return required to be filed for which an extension of time to file has not been timely sought and obtained. The late filing penalty shall be ten percent (10%) of the amount of the principal tax which was due to be filed with the return.
(b) All taxes imposed upon individuals and businesses and moneys withheld or required to be withheld by employers under the provisions of this chapter, and remaining unpaid after they become due, shall bear interest at the rate of six percent (6%) per annum.
(c) In addition to penalties and interest as provided in subsections (a) and (b) hereof, penalties for failure to pay taxes and withholding pursuant to the provisions of this chapter are hereby imposed as follows:
(1) In cases of taxpayers failing to pay the full amount of tax due, a penalty of one-half of one percent (.5%) per month, or fraction thereof, of the amount of the unpaid sum due Hebron.
(2) In the case of employers who fail to withhold or remit the taxes withheld or taxes which should have been withheld from employees, a penalty of three percent (3%) per month, or fraction thereof, of the unpaid sum due Hebron.
(3) No penalty shall be assessed on any additional tax assessment when a return has been filed in good faith and the tax paid thereon within the time prescribed herein; 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 that an amended return is filed and the additional tax is paid within three months after final determination of the Federal tax liability.
(d) Upon an appeal from the refusal of the Administrator to recommend abatement of penalty and interest, the Board of Review may abate such penalty or interest, or both.
(Ord. 1445-97. Passed 11-19-97.)