(a) The tax imposed by this article, if not paid when due, shall bear interest at the rate of eight percent (8.00%) per annum from the due date of the payment until paid.
(b) If any person fails to make the return or quarterly installment required by this article, or makes its return but fails to remit it, in whole or in part, the proper amount of tax, there shall be added to the amount of tax unpaid, from the date such tax should have been paid, a penalty in the amount of five (5.00 %) percent of the tax for the first month, or fraction thereof, of delinquency, and one (1.00%) of the tax for each succeeding month, or fraction thereof of delinquency provided, that if such failure is due to reasonable cause, the Treasurer may waive, in whole or in part, these penalties. Additionally, if the failure to pay is due to fraud or intent to evade any such tax there shall be added an additional penalty of twenty-five (25.00%) of the tax owed, exclusive of penalties.
(c) Interest and penalties may be collected in the same manner as the tax imposed by this article. (Ord. 172. Passed 3-21-06.)