In addition to the interest provided in Section 793.39, penalties based on the unpaid tax or installments of estimated tax are hereby imposed as follows:
For failure to pay taxes or estimated taxes due, other than taxes withheld: ten percent per year, but not less than twenty-five dollars ($25.00); and
For failure to remit taxes withheld from employees: ten percent per month or fraction thereof, but the accumulated penalty shall not exceed fifty percent of any unpaid amount and shall not be less than twenty-five dollars ($25.00).
(Ord. 1980-12. Passed 4-14-80.)