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30-259.Penaltyand ;ntere for late remittance. <br />If any person, whose duty it is to do so, shall fail or refuse to make a report and remit the tax as <br />required by this article within the time and in the amount required, there shall be added to such tax by <br />the commissioner of revenue a penalty in the amount of five (5) percent of such tax, or a minimum of <br />two dollars ($2.00), if such failure is for not more than thirty (30) days in duration. Aiid thereafter <br />intefest shall be payable <br />6. Chapter 30 (Taxation), Article X (Meal Tax), Section 30-291 of the City Code is hereby amended <br />and reenacted as follows: <br />30-291. Penalty and irteres for late remittance. <br />If any person whose duty it is to do so shall fail or refuse to make a report and remit the tax as required <br />by this article within the time and in the amount required, there shall be added to such tax by the <br />commissioner of revenue a penalty in the amount of five (5) percent of such tax, or a minimum of two <br />dollars ($2.00), if such failure is for not more than thirty (30) days in duration,, and thereafter intefest <br />shall her_ able on such _ . erdue tax in the .,.. eunt often(10 <br />7. Chapter 30 (Taxation), Article XI (Short Term Rental Tax), Section 30-321 is hereby amended <br />and reenacted as follows: <br />Sec. 30-321. Penalty and erest for late remittance. <br />If any person, whose duty it is so to do, shall fail or refuse to remit to the commissioner of revenue the <br />tax required to be collected and paid under this article within the time specified in this article, there <br />• shall be added to such tax a penalty in the amount of ten (10) percent of the tax past due or the sum of <br />ten dollars ($10.00), whichever is the greater; provided, that the penalty shall in no case exceed the <br />amount of the tax assessable. The assessment of such penalty shall not be deemed a defense to any <br />criminal prosecution for failing to make any return or remittance as required in this article. <br />interest on late payments PC all 4'xPq averd-up for more than thiFty (30) days shall be <br />..t the, Additionally, <br />Adaoa ..t., ,.rte., 1, m ..o_,.,...t..., ff-. Penalty for failure to pay the tax assessed pursuant to this <br />article shall be assessed on the first day following the day such quarterly installment payment is due. <br />Approved by Council <br />November 7, 2005 <br />Cle f City Council <br />Page 8 of 8 <br />