(a) Interest on Unpaid Tax. All taxes imposed 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 per month or fraction thereof.
(b) Penalties on Unpaid Tax. In addition to interest as provided in Section 890.08 and 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 and one-half percent per month or fraction thereof and for failure to file an annual return when due, a minimum of twenty-five dollars ($25.00); and
(2) For failure to remit taxes withheld from employees, ten percent per month or fraction thereof.
(Ord.80-O-13. Passed 6-10-80.)
(c) Exceptions. A penalty shall not be assessed on an additional tax assessment made by the Administrator when a return has been filed in good faith and the tax paid thereon within the time prescribed by the Administrator. In the absence of fraud, neither penalty nor interest shall be assessed on any additional tax assessment against a taxpayer by the Administrator resulting from a Federal audit, provided that an amended return is filed and the additional tax is paid within three months after a final determination of the Federal tax liability.
(d) Abatement of Interest and Penalty. Upon the recommendation of the Administrator or for good cause shown, the Board of Review may abate penalty or interest, or both.
(Ord.68-27. Passed 7-23-68.)