§ 66-281. Interest and penalty payments.

The following interest payments and penalties shall apply to local taxes:

(1)

Late payment, under payment or non-payments shall incur ten percent interest per annum from the due date of the tax;

(2)

Any late filing or late deposit of a local tax shall incur a penalty of five percent of the tax shown on the due date of the return;

(3)

Any failure to file shall incur a penalty of 25 percent of the amount of the tax which should have been shown on a timely return. For purposes of this article, the term "failure to file" shall mean that the local taxpayer does not file a local tax return until after receiving notice form the local tax administrator of a failure to file.

(Code 1996, § 66-281; Ord. No. F-0628, § 6, 8-20-2001)