52-78 Amend 128.1502 Admin - penalty for unpaid muni tax

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ORDINANCE NO. 52-78 BY' Messrs. Brown, Chinnock, Magnotto, McBride, Salmon, B rockman AN EMEt~E~CY ORDINANCE to amend Section 128. 1502 of the Administrative Code of the Codified Ordinances of the City of Lakewood to increase the minimum penalty on unpaid Municipal Income Tax. WHERE., this ordinance constitutes an emergency measure providing for the usual daily operation of a municipal department; now, therefore, OHIO: BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWODD, STATE OF Section 1. That Section 128.1502 of the ^dminiszratfve Code of the Codified Ordinances of the City of Lakewood now reading as follows: 128.1502 PENALTIES ON UNPAID TAX In addition to interest as provided in Section 128.1501 hereof, penalties based on the unpaid tax or installments of estin~ated tax are hereby imposed as follows' (a) For failure to pay taxes o~ estimated taxes due, other than taxes withheld' ten per cent (10%) per annum, but not less than $5.00. (b) For failure to remit taxes withheld from employees: ten per cent (10%) per month or fraction thereof, but accumulated penalty shall not exce~ fifty per cent (50%) upon any unpaid amount and shall not be less than $5.00. be and the same is hereby amended to read ms follows: 128.1502 PENALTIES ON UNPAID TAX In addition to interest as provided in Section 128.1501 hereof,'" penalties based on the unpaid tax or installments of estimated tax are hereby imposed as follows' (a) For failure to pay taxes or estimated taxes due, other than taxes withheld' ten per cent (10%o) per annum, but not less than $10.00. (b) For failure to remit ttLxes withheld fromm employees- ten per cent (lOg) per month or fraction thereof, but accumulated penalty shall not exceed fifty per cent (50%) upon any unpaid amount and shall not be less than $10~00. Section 2. 2]~is ordinance is hereby declared to be an emergency measure for the reasons stated in the prean~01e hereof and provided it receives the affirmative vote of two-thirds of all members elected to Council, it shall take effect and be in force irm~.~diately upon its adoption and approval by the Mayor; otherwise it shall take effect at the earlJest periex~ allowed by law, m~d existing Section 128.1502, adopted December 20, 1971, shall be and the same is hereby repealed. ....c