In addition to interest as provided in Section 171.1501, 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 (1-1/2%) per month or fraction thereof.
Minimum penalty for failure to file annual returns when due Twenty-five Dollars ($25.00).
(Ord. 48-80. Passed 6-9-80.)
(b) For failure to remit taxes withheld from Employees:
Ten percent (10%) per month or fraction thereof.
(Ord. 2-74. Passed 1-14-74.)