(a) All taxes imposed by this Taxation Code, which remain unpaid after they become due, shall result in the assessment of a penalty of ten percent (10%) of the amount of unpaid tax. 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; 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 months after final determination of the federal tax liability.
(b) In the event that a taxpayer has a duty as imposed by this Taxation Code to file a return and does not do so, a penalty of twenty-five dollars ($25.00) per month shall be assessed the day after the due date of the filing and for each month thereafter not to exceed one hundred fifty dollars ($150.00). This penalty shall not apply to taxpayers required to file an individual separate or individual joint return.
(c) In the event that the taxpayer has properly requested an extension of filing time, no penalty shall be assessed in those cases in which the return is filed and the final tax, if any, is paid within the period as extended.
(d) All taxes imposed by this chapter and remaining unpaid after they become due shall bear interest, in addition to the amount of the unpaid tax, at the rate of six percent (6%) per year or fraction thereof.
(Ord. 24-2002. Passed 6-17-02.)
(Ord. 24-2002. Passed 6-17-02.)