In addition to interest as provided in Section 193.42, penalties based on the unpaid tax are hereby imposed as follows:
(a) For failure to pay taxes due other than taxes withheld: one and one-half percent (1.5%) per month or fraction thereof. Minimum penalty for failure to file annual returns when due twenty-five dollars ($25.00).
(b) For failure to remit taxes withheld from employees: ten percent (10%) per month or fraction thereof.
(Ord. 1980-34. Passed 6-3-80.)