(A) The tax imposed by this article, if not paid when due, shall bear interest at the rate of 8% per annum from the due date of the return until paid.
(B) If any taxpayer fails to make the return required by this article, unless it is shown that such failure is due to reasonable cause and not due to willful neglect, there shall be added to the amount shown as tax, a penalty in the amount of 5% of the amount of such tax for the first month, or fraction thereof, of delinquency and 5% of the amount of such tax for each succeeding month, or fraction thereof, of delinquency, not exceeding 25% in the aggregate.
(C) If any taxpayer fails to pay the amount shown as tax on any required return of the tax required by this article on or before the date prescribed for payment of such tax, unless it is shown that such failure is due to reasonable cause and not due to willful neglect, there shall be added to the amount shown as tax a penalty in the amount of 0.5% of the amount of such tax for the first month, or fraction thereof, of delinquency and an additional 0.5% of the amount of such tax for each succeeding month, or fraction thereof, of delinquency, not exceeding 25% in the aggregate.
(D) Interest and penalties may be collected in the same manner as the tax imposed by this article.
(Ord. 1276, passed 6-29-00)