(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 1.5% per month or fraction of a month thereof.
(B) In addition to interest as provided in division (A) of this section, penalties based on the unpaid tax are imposed as follows:
(1) For failure to pay taxes due, other than taxes withheld: 1.5% per month or fraction of a month thereof.
(2) For failure to remit taxes withheld from employees: 10% per month or fraction of a month thereof, to a maximum penalty of 50% of the tax due.
(3) In addition to the above, any person required to file a tax return with the city and who fails to file, or to timely file, a return shall pay a penalty of $50 for the first offense, $75 for a second offense, and $100 for each subsequent offense, even if no tax is found to be due.
(C) A penalty shall not be assessed on an additional tax assessment made by the Tax Administrator when a return has been filed in good faith and the tax paid thereon within the time prescribed by the Tax Administrator. In the absence of fraud, neither penalty nor interest shall be assessed on any additional tax assessment resulting from a federal audit, providing an amended return is filed and the additional tax is paid within three months after final determination of the federal tax liability.
(D) The Tax Administrator may abate penalties in whole or in part.
(Ord. 09-3301, passed 8-20-09)