(A) Every remittance of taxes imposed by this subchapter shall be made to the Finance Director in lawful money of the United States or by bank draft, certified check, money order or certificate of deposit, and the Finance Director shall pay the money into the city treasury to be kept and accounted for as provided by law.
(B) If any taxpayer fails to make the return required by this subchapter, or make a return but fails to remit in whole or in part the proper amount of tax, there shall be added to the amount of the tax unpaid, from the date such tax should have been paid, a penalty in the amount of 5% of the tax for the first month, or fraction thereof, of delinquency and 1% of the tax for each succeeding month, or fraction thereof, of delinquency; provided, however, that if such failure is due to reasonable cause, the city may waive or remit in whole or in part these penalties.
(C) If the failure to pay is due to fraud or intent to evade this subchapter and the rules and regulations promulgated thereunder, there shall be added an additional penalty of 25% of the amount of the tax, exclusive of penalties.
(D) The penalties so added shall be collected at the same time and in the same manner and as a part of the tax.
(Ord. passed 11-12-2019)