(a) Any tax not paid when due shall bear interest at the rate of two percent (2%) per month, or fraction thereof, until paid.
(b) In addition to any interest charges, any person who fails to make timely payment of taxes shall be subject to a late payment penalty, unless a late filing penalty is due as provided in division (c) below, equal to ten percent (10%) of the taxes not paid timely.
(c) In addition to any interest charges, any person who fails to file a remittance return when due shall be subject to a late filing penalty equal to ten percent (10%) of the taxes reported, or that should have been reported, on the return that is not filed timely.
(d) Any payment or return shall be considered paid or filed, respectively, on the date such payment or return is physically received by the Finance Director.
(e) All payments received shall first be applied to penalty due, then interest due and finally the taxes due for the period for which the payment is made.
(f) The Finance Director may abate all or any portion of the penalty imposed for late payment or late filing if the Finance Director determines that such failure was due to reasonable cause and not willful neglect.
(Ord. 21-175. Passed 11-8-21.)