Title 08 Taxation and Revenue
Chapter 08.10 Utilities, Franchise Taxes
Section 08.10.110 Late Payment
-
The department, for good cause shown, may extend the time for making and filing any return and/or paying any fee or tax as required under this chapter and may grant such reasonable additional time within which to file such returns and/or pay any fee or tax as it may deem appropriate. Any extension of time under this section is conditioned upon payment of interest of twelve percent per annum upon the amount of the tax from the date said tax became due and payable.
-
If payment of any tax due hereunder is not received by the City treasurer on or before the day upon which said tax becomes due, or within any extension granted, there is added a penalty computed on the amount due as follows, unless waived by the chief financial officer:
-
Five percent of the total amount due with a minimum amount penalty of one dollar if not received by the first day of the month next succeeding the due date.
-
Ten percent of the total amount due with a minimum penalty of two dollars if not received by the first day of the second month next succeeding the due date.
-
Twenty percent of the total amount due with a minimum penalty of three dollars if not received by the first day of the third month next succeeding the due date.
-
Fifty percent of the total amount due if the department determines that all or a part of the deficiency assessed resulted from an intent by the taxpayer to evade the tax.
-
In addition to said penalties the department charges the taxpayer interest of twelve percent per annum or portion thereof on any amount of the tax from the date said tax becomes due. Penalties and/or interest may be waived in whole or in part where the department finds the underpayment was a result of circumstances beyond the taxpayer’s control.
Date Passed: Monday, October 13, 2014
Effective Date: Friday, November 21, 2014
ORD C35160 Section 1
