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74A Income Tax 175.1502 <br />175.1502 PENALTIES ON UNPAID TAX. <br />In addition to interest as provided in Section 175.1501, penalties based on the <br />unpaid tax or installments of estimated tax are hereby imposed as follows: <br />(a) For failure to pay taxes or estimated taxes due, other than taxes withheld: <br />ten percent (10%) per annum, or fraction thereof, with a minimum penalty <br />as provided in subsection (c) hereof. <br />(b) For failure to remit taxes withheld from employees: ten percent (10%) per <br />month or fraction thereof, but the accumulated penalty shall not exceed <br />fifty percent (50%) upon any unpaid amount with a minimum penalty as <br />provided in subsection (c) hereof. <br />(c) For failure of any person, corporation, employer, or employee who was <br />delinquent in the payment of taxes or taxes withheld from employees the <br />following minimum penalty shall be assessed when assessing penalties pursuant <br />to subsections (a) and (b) hereof: <br />(1) For taxes other than estimated taxes: <br />A. Delinquent -first offense -twenty-five dollars ($25.00); <br />B. Delinquent -second offense -fifty dollars ($50.00); <br />C. Delinquent -third offense -one hundred dollars ($100.00). <br />(2) For purposes of this section, taxes are delinquent if they are not paid by <br />the due dates established by the chapter. A tax payment that is <br />delinquent is deemed to be a single offense for purposes of this section <br />regardless of the number of years that the payment is delinquent. Each <br />subsequent payment that is delinquent shall be a separate offense. <br />(Ord. 87-27. Passed 9-21-87.) <br />1988 Replacement <br />