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 will be assessed interest at the rate of eight (8) percent per annum or ten dollars ($10.00), whichever is greater.
B. Failure to pay, timely file and or pay held, a penalty of twenty-five dollars ($25.00) for the first time and fifty dollars ($50.00) each time thereafter.
C. EXCEPTIONS: 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 (3) months after final determination of the federal tax liability. The Administrator may waiver or abate any such interest or penalties as he, in his description, deems proper.
(Ord. 78-2015. Passed 12-15-15.)