§ 4.12.070. Penalties and interest.

A.

Original Delinquency Period. Any distributor who fails to remit any tax imposed by this Chapter within the time required shall pay a penalty of ten percent of the amount of the tax in addition to the amount of the tax.

B.

Continued Delinquency. Any distributor who fails to remit any delinquent remittance within one month following the date on which the remittance first became delinquent shall pay a second delinquency penalty of ten percent of the amount of the tax in addition to the amount of the tax and the ten percent penalty first imposed.

C.

Fraud. If the Tax Administrator determines that the nonpayment of any remittance due under this Chapter is due to fraud, a payment of twenty-five (25) percent of the amount of the tax shall be added thereto in addition to the penalties stated in subsections A and B of this Section.

D.

Interest. In addition to the penalties imposed, any distributor who fails to remit any tax imposed by this Chapter shall pay interest at the rate of one-half of one (0.5) percent per month or fraction thereof on the amount of the tax, exclusive of penalties, from the date on which the remittance first became delinquent until paid.

E.

Penalties Merged with Tax. Every penalty imposed and such interest as accrues under the provisions of this Section shall become a part of the tax herein required to be paid.

F.

Penalties during Pendency of Hearing or Appeal. No penalty provided under the terms of this Chapter shall be imposed during the pendency of any hearing which is provided for in Section 4.12.080, nor during the pendency of any appeal to the City Council which is provided for in Section 4.12.090.

(Prior code § 5-22.17)