(a) A penalty of five percent of the amount of tax due shall be charged against any taxpayer whose tax payment is not made on or before the date the tax is due.
(b) A penalty of five percent of the amount of tax due shall be charged against any taxpayer whose tax report or return is not filed on or before the date said tax report or return is due.
(c) A penalty of twenty-five percent of the amount of tax due for the period in relation to which a tax report or return is required to be filed shall be charged against any taxpayer who fails to file, before the date that a determination of tax liability notice is issued, a report or return for that period.
(d) The penalties set forth in subsections (a) and (b) above shall not apply in the event the Village imposes the penalty set forth in subsection (c) above.
(e) Any penalty may be abated by the Tax Administrator if reasonable cause for nonpayment or failure to file is shown.
(Ord. 2000-33. Passed 11-27-00.)