111.1502 PENALTIES ON UNPAID TAX.

   In addition to interest as provided in Section 111.1501, penalties based on the unpaid tax or installments of estimated tax are hereby imposed as follows:

   (a)    For failure to pay taxes or estimated taxes due, other than taxes withheld: ten percent per annum, but not less than five dollars ($5.00).

   (b)    For failure to remit taxes withheld from employees: ten percent per month or fraction thereof but accumulated penalty shall not exceed fifty percent upon any unpaid amount and shall not be less than five dollars ($5.00)

      (Ord. 51-1971. Passed 11-23-71.)