880.10 INTEREST AND PENALTIES.
(a) All taxes imposed and all moneys withheld or required to be withheld by employers under this chapter and remaining unpaid after they came due shall bear interest at the rate of two percent (2%) per month or fraction thereof.
(b) In addition to interest as provided in subsection (a) hereof, penalties based on the unpaid tax are hereby imposed as follows:
(1) For failure to pay taxes due, other than taxes withheld, two percent (2%) per month or fraction thereof. The minimum failure to pay penalty shall be fifty dollars (\$50.00).
(2) For failure to remit taxes withheld from employees, ten percent (10%) per month or fraction thereof. The minimum failure to pay penalty shall be two hundred dollars (\$200.00).
(c) Failure to File Penalties. In addition to interest and penalties imposed by this chapter there shall be imposed for failure to file any tax return due under this chapter a penalty for late filing as follows:
1 to 30 days late - \$40.00
31 to 120 days late - \$60.00
121 to 210 days late - \$80.00
211 to 300 days late - \$100.00
over 300 days late - \$100.00 plus \$1.00 per day.
(Ord. 05-3. Passed 1-6-05.)