(a) All taxes imposed and all moneys withheld or required to be withheld by employers under the provisions of this chapter and remaining unpaid after they become due shall bear interest at the rate of one and one-half percent per month.
(b) In addition to interest as provided in division (a) of this section, penalties based on the unpaid tax are hereby imposed as follows:
(1) In the case of employers required to withhold taxes from employees under the provisions of this chapter, a penalty shall be imposed at the rate of:
A. 10 percent of the amount of the unpaid tax if the tax is paid within 30 days of the due date;
B. 15 percent of the amount of the unpaid tax if the tax is paid within 60 days of the due date;
C. 20 percent of the amount of the unpaid tax if the tax is paid within 90 days of the due date;
D. 25 percent of the amount of the unpaid tax if the tax is paid more than 90 days after the due date of the withholding tax.
(2) In the case of taxpayers who fail to file tax returns when due as required by this chapter, a penalty in the amount as passed in the Annual Fee Schedule shall be imposed.
(3) In the case of taxpayers who file tax returns but fail to pay taxes due, other than taxes withheld, a penalty shall be imposed at the rate of ten percent of the amount due.
(4) Filings shall be deemed to be timely made if postmarked by the due date.
(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, provided that, in the absence of fraud, neither a penalty nor interest shall be assessed on any additional tax assessment resulting from a Federal audit, provided that an amended return is filed and the additional tax is paid within three months after a final determination of the Federal tax liability.
(d) The Administrator may abate penalty or interest, or both, or upon an appeal to the Board of Review 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. 2002-141. Passed 1-7-03; Ord. 2014-44. Passed 11-4-14.)