(a) Interest. All taxes imposed and all monies withheld or required to be withheld by employers under provisions of this ordinance and remaining unpaid after they become due shall bear interest at the same rate which Section 718.06 of the Ohio Revised Code requires.
(b) Penalties. In addition 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 a fraction thereof, or ten percent (10%) of the total tax due, whichever is greater.
(2) For failure to remit taxes withheld from employees. Three percent (3%) per month or fraction thereof, or ten percent (10%) of the total due whichever is greater.
(3) For failure to file income tax returns, twenty-five dollars ($25.00) for the first instance and fifty dollars ($50.00) for each subsequent instance.
(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 time prescribed by the Administrator, and provided further, that in the absence of fraud, neither penalty nor interest shall be assessed on any additional tax assessment resulting a Federal audit, provided an amended return is filed and the additional tax is paid within three months after final determination of the Federal tax liability.
(Ord. 2004-407. Passed 11-3-04.)