(A) Failure to pay or remit the tax or to file the remittance return required by this subchapter shall be subject to the following penalties and interest:
(1) Any tax not paid or remitted when due shall bear interest at the rate of 2% per month, or fraction thereof, until the tax is paid or remitted;
(2) In addition to any interest charge, any person who fails to pay or to remit tax when due shall be subject to a late penalty of 10% of such tax; and
(3) In addition to any interest or penalty charge above, any person who fails to file a remittance return when due shall be subject to a late filing penalty of 10% of the total tax liability due for the reporting period.
(B) Where the failure to pay or to remit the tax or to file the remittance return, in a timely manner is due to reasonable cause beyond the control of the person charged with filing and paying the tax, the penalties described in divisions (A)(2) and (A)(3) above may be waived by the City Clerk.
(Ord. 09-O-1954, passed 7-15-2009)