(a) Either the Administrator or the Board of Review may abate penalty or interest, or both, for good cause shown.
(b) No penalties or interest shall be assessed on estimated payment if the taxpayer has remitted an amount equal to 100% of the previous year's tax liability, provided that the previous year reflected a 12-month period, or if 90% of the actual liability has been received.
(Ord. 1971-294. Passed 12-28-71; Ord. 2005-028. Passed 3-2-05.)