(a) All taxes imposed and all monies 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 one-half of one percent (½%) per month or fraction thereof.
(b) In addition to interest as provided in subsection (a) hereof, penalties based on the unpaid tax are hereby imposed as follows:
(1) For failure to pay taxes due, other than taxes withheld, one-half percent (½%) per month or fraction thereof.
(2) For failure to remit taxes withheld from employees: three percent (3%) per month or fraction thereof.
(Ord. 424. Passed 6-8-70.)
(3) Failure to file a tax return in a timely fashion shall, notwithstanding any other provision of this chapter, result in a civil fine of twenty-five dollars ($25.00).
(Ord. 825. Passed 12-13-93.)
(c) A penalty shall not be assessed on an additional tax assessment made by the Administrator when a return has been filed in good faith and the tax paid thereon within the time prescribed by the Administrator; and provided further that 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 Administrator hereunder may abate penalty or interest, or both, for good cause an amount up to and including two hundred dollars ($200.00) per return, declaration or report. Such authority is subject to rules and regulations of the Tax Review Board. A taxpayer may appeal the decision of the Tax Administrator to the Tax Review Board within thirty (30) days of receipt of notice of the decision.
(e) Upon recommendation of the Administrator, the Board of Review may abate penalty or interest, or both, or upon an appeal from the refusal of the Administrator to recommend abatement of penalty and interest, the Board may nevertheless abate penalty or interest, or both.
(Ord. 1360-10. Passed 11-22-10.)