(a) All taxes imposed, including estimated taxes, and all 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 one and one-half percent (1.5%) per month or fraction of a month thereof.
(b) In addition to interest as provided in subsection (a) hereof, penalties based on the unpaid tax are hereby imposed as follows:
(1) For failure to pay tax due, other than tax withheld, one and one-half percent (1.5%) per month or fraction of a month thereof.
(2) For failure to remit taxes withheld from employee, one and one-half percent (1.5%) per month or fraction of a month thereof.
(3) In addition to the above:
A. A taxpayer who fails to file a return shall be subject to a failure-to-file penalty of fifty dollars ($50.00).
B. a taxpayer who files a late return shall be subject to a ten percent (10%) penalty of the tax amount due the City.
(c) A fine of fifty dollars ($50) shall be imposed for not supplying copies of federal Form 1099 as required by this chapter.
(d) A penalty shall not be assessed on an additional tax assessment made by the Director of Taxation when a return has been filed in good faith and the tax paid thereon within the time prescribed by the Director. Further, in the absence of fraud, neither penalty nor interest shall be assessed on any additional tax assessment resulting from a Federal audit, provided that an amended return is filed and the additional tax is paid within three months after final determination of the Federal tax liability.
(e) Upon recommendation of the Director, the Board of Review may abate penalty or interest, or both, or, upon an appeal from the refusal of the Director to recommend abatement of penalty and interest, the Board may nevertheless abate penalty or interest, or both.
(Ord. 184-08. Passed 11-20-08.)