(a) All persons who fail to file a timely return under the provisions of this chapter shall be charged a late filing fee of twenty-five dollars ($25.00).
(b) All taxes imposed and moneys withheld or required to be withheld by employers under the provisions of this chapter, and remaining unpaid after they become due, shall bear interest at the rate of eighteen percent (18%) per annum.
(c) In addition to interest as provided in subsection (a) hereof, penalties for failure to pay taxes and withholding pursuant to the provisions of this chapter are hereby imposed as follows:
(1) In the case of taxpayers failing to pay the full amount of tax due, a penalty of two percent (2%) per month, or fraction thereof, of the amount of the unpaid sum due the City.
(2) In the case of employers who fail to withhold or remit the taxes withheld or taxes which should have been withheld from employees, a penalty of three percent (3%) per month, or fraction thereof, of the unpaid swn due the City.
(3) No penalty shall be assessed on any additional tax assessment when a return has been filed in good faith and the tax paid thereon within the time prescribed herein; 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 that an amended return is filed and the additional tax paid within three months after final determination of the Federal Tax liability.
(d) Upon an appeal from the refusal of the Administrator to recommend abatement of penalty and interest, the Board of Review may abate such penalty or interest, or both.
(Ord. 11-77. Passed 12-12-11.)