(a) All taxes imposed by this chapter, including declarations and estimated payments, and also including tax withheld or required to be withheld from wages and other income by an employer, and remaining unpaid after they have become due, shall bear interest on the amount of the unpaid tax at the rate of twelve percent (12%) per annum.
(b) In addition to interest as provided in subsection (a) hereof, penalties based on the unpaid tax, and penalties based on late or unfiled annual returns, declarations and estimated payments, and withholding payments, are hereby imposed as follows:
(Ord. 2019. Passed 12-20-04.)
(1) For unpaid tax, a penalty of one hundred fifty dollars ($150.00) to be assessed on the first day of the fourth month after the return was due. (E.g. for a return due April 15, the penalty will be assessed on August 1.)
(Ord. 2165. Passed 3-31-14.)
(2) For documents, twenty-five dollars ($25.00) for the first instance of late or unfiled documents, and seventy-five dollars ($75.00) for each subsequent instance.
(Ord. 2019. Passed 12-20-04.)
(Ord. 2085. Passed 9-22-08.)
(c) In the case of taxpayers who file tax returns, estimated payments, or withholding forms within the first thirty days beyond the original due date, the Director of Finance shall have the authority to abate the twenty-five dollars ($25.00) charged for the first instance of late filing.
(d) Upon recommendation of the Director of Finance, the Board of Review may abate interest or penalties or both, and on appeal from the refusal of the Director of Finance to so recommend, the Board of Review may nevertheless abate interest or penalty, or both.
(Ord. 2019. Passed 12-20-04.)