(a) Interest. All taxes due from taxpayers and all moneys withheld or required to be withheld by employers under the provisions of this chapter remaining unpaid after they have become due and payable shall bear interest at the rate of one and one-half percent (1.5%) per month or fraction thereof until paid in full.
(b) Penalties. All taxes due from taxpayers and all moneys withheld or required to be withheld by employers under the provisions of this chapter and remaining unpaid after they have become due and payable shall be subject to a penalty as follows:
(1) For failure to pay taxes due, other than taxes withheld, one and one-half percent (1.5%) per month or fraction thereof.
(2) For failure to remit taxes withheld or required to be withheld, from employee(s), 10% per month or fraction thereof, not to exceed one hundred percent (100%), of the tax amount not paid.
For failure to file a required return, on or before the date due or the date due as extended, the penalty assessed shall be twenty-five dollars ($25.00).
(c) Exceptions. A penalty shall not be assessed on any 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. 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.
(Ord. 2000-130. Passed 4-13-00.)
(Ord. 2000-130. Passed 4-13-00.)