In addition to interest as provided in this chapter, penalties based on the unpaid tax or installments of estimated tax are hereby imposed as follows:
(a) For failure to pay taxes or estimated taxes due, other than taxes withheld: Ten percent (10%) per annum, but not less than twenty-five dollars ($25.00).
(b) For failure to remit taxes withheld from employees: Ten percent (10%) per month or fraction thereof, but not less than twenty-five dollars ($25.00).
(Ord. 123-2001. Passed 11-5-01.)