All taxes imposed by this subchapter, including taxes withheld or required to be withheld from wages by an employer and remaining unpaid after they have become due, shall bear interest on the amount of the unpaid tax at the rate of 6% per annum, and the taxpayers upon whom the taxes are imposed, and the employers required by this subchapter to deduct, withhold and pay taxes imposed by the ordinance shall be liable, in addition thereto, to a penalty of ½ of 1% of the amount of the unpaid tax for each month or fraction of a month for the first six months of nonpayment, or $5, whichever is the greater. Upon recommendation of the Village Clerk, the Board of Review may abate interest or penalties or both, and upon appeal from the refusal of the Village Clerk to so recommend the Board of Review may nevertheless abate interest or penalty.
(Ord. 1976-54, passed 12-13-1976)