(a) A person whose tax liability under this chapter for the tax year exceeds $50,000 shall remit taxes by one of the means of electronic funds transfer approved by the director.
(b) The director may grant an exemption to the electronic payment requirement for good cause.
(c) If a person who is required under subsection (a) to remit taxes by one of the means of electronic funds transfer approved by the director fails to remit the taxes using an approved method on or before the date prescribed therefor, unless it is shown that the failure is due to reasonable cause and not to neglect, there is added to the tax required to be so remitted a penalty of 2 percent of the amount of the tax. The penalty under this subsection is in addition to any penalty set forth in § 8A-1.20.
(Added by Ord. 21-33)