In addition to the interest provided in Section 880.37, penalties based on the unpaid tax are hereby imposed as follows:
(a) For failure to pay taxes due, other than taxes withheld: one and one-half percent per month or fraction thereof, but not less than twenty-five dollars ($25.00) for failure to file annual returns when due; and
(b) For failure to remit taxes withheld from employees: ten percent per month or fraction thereof.
(Ord. 1988-147. Passed 7-18-88; Ord. 09-81. Passed 7-21-09.)