(a) All taxes imposed and all moneys withheld or required to be withheld by employers under provisions of this chapter and remaining unpaid after they become due shall bear interest at the rate of one percent (1%) per month or fraction 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 taxes due, other than taxes withheld; one percent (1%) per month or fraction thereof.
(2) For failure to remit taxes withheld from employees; three percent (3%) per month or fraction thereof.
(c) In addition to interest and penalties, if any, as set forth above, penalties for failure to file a return are hereby imposed as follows:
(1) Ten dollars ($10.00) for the first thirty days for failure to file a return within the time specified by this chapter.
(2) An additional five dollars ($5.00) for failure to file a return for each thirty- day period thereafter.
(d) Upon recommendation of the Commissioner of Taxation, the Board of Review may abate penalty or interest, or both, or upon an appeal from the refusal of the Commissioner to recommend abatement of penalty and interest, the Board may nevertheless abate penalty or interest, or both.
(Ord. 258-2003. Passed 12-15-03.)