(a) All taxes imposed and all monies withheld or required to be withheld by employers under the provisions of this chapter, and all taxes due from an individual taxpayer that remain unpaid after they have become due shall bear interest at the rate of one and one- half of one percent (1½%) per month.
(Ord. 2008-30. Passed 11-11-08.)
(b) In addition to interest as provided in Section 181.10(a), penalties based on the unpaid tax are hereby imposed as follows:
(1) For failure to pay taxes due from an individual taxpayer, other than taxes withheld: a minimum penalty of twenty-five dollars ($25.00), then one and one-half percent (1-1/2%) per month on the accrued balance until the account is paid in full.
(2) For failure to file a tax return by the due date there shall be a penalty of twenty-five dollars ($25.00), then all other interest and penalties, even if no tax is due.
(3) For an employer's failure to remit taxes withheld from employees: a minimum penalty of twenty-five dollars ($25.00). Then five percent (5%) per month on the accrued balance until the account is paid in full.
(Ord. 2013-07. Passed 6-10-13.)
(c) 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; and provided further, that in the absence of fraud, neither penalty nor interest shall be assessed on any additional tax assessment resulting from a federal audit, providing an amended return is filed and the additional tax is paid within three (3) months after final determination of the federal tax liability.
(d) Upon recommendation of the Administrator, the Board of Review may abate penalty or interest, or both, upon an appeal from the refusal of the Administrator to recommend abatement of penalty and/or interest, the Board may nevertheless abate penalty or interest, or both.
(Ord. 2008-30. Passed 11-11-08.)