A penalty at a rate of five percent (5%) of a tax due and not timely paid or remitted shall be assessed for late or unpaid tax payments; a penalty at a rate of five percent (5%) of a tax required to be shown on a return shall be assessed for late or underreported returns; and a penalty at a rate of twenty five percent (25%) of the total tax due shall be assessed for taxes for which no return is filed before the issuance of a notice of tax deficiency or tax liability to the taxpayer. The Local Tax Administrator shall have the authority to waive or abate any penalty if he/she determines that reasonable cause existed for such deficiency.
(Ord. 2504, 5-22-2018)