(a) Delinquency. Any owner of a watercraft or operator of a marina or boat storage rack facility who fails to remit any tax imposed by this chapter within the time required shall pay a penalty equal to ten percent (10%) of the amount of the tax, in addition to the tax.
(b) Fraud. If the Finance Director determines that the nonpayment of any remittance due under this chapter is due to fraud, a penalty equal to twenty-five percent (25%) of the amount of the tax shall be added thereto in addition to the penalties stated in subsection (a) hereof.
(c) Interest. In addition to the previous penalties imposed, any owner of a watercraft or operator of a boat storage rack facility who fails to remit any tax imposed by this chapter shall pay interest at the rate of one percent (1%) per month, or fraction thereof, on the amount of the tax exclusive of penalties, from the date on which the remittance first became delinquent until paid.
(e) Abatement of Interest and Penalty. In cases where a return has been filed in good faith, and an assessment has been paid within the time prescribed by the Finance Director, the Finance Director may abate any charge of penalty or interest, or both.
(Ord. 05-107. Passed 6-27-05.)