a. Original Delinquency.Any operator who fails to remit any tax imposed by the Article within the time required shall pay a penalty of 10 percent of the amount of the tax in addition to the amount of the tax or the estimated tax.

b. Continued Delinquency.Any operator who fails to remit any delinquent taxes on or before a period of 30 days following the date on which the taxes first became delinquent shall pay a second delinquency penalty of 10 percent of the amount of the tax in addition to the amount of the tax and the 10 percent penalty first imposed.

c. Fraud.If the Finance Director determines that the nonpayment of any remittance due under this Article is due to fraud, a penalty of 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. Compound Interest.In addition to the penalties imposed, any operator who fails to remit any tax imposed by this Article shall pay interest at the rate of one percent per month or fraction thereof, compounded, on the amount of the tax, exclusive of penalties, from the date on which the remittance first became delinquent, until paid.

e. Penalties.Every penalty imposed and such interest that accrues under the provisions of this section shall become a part of the tax required to be paid.

f. Audit Deficiency.If, upon audit by the City, an operator is found to be deficient in either its return or its remittance or both, the Finance Director shall invoice the operator for the amount of the net deficiency plus a penalty of 10 percent of the net deficiency. If the operator fails or refuses to pay the deficient amount and applicable penalties within 30 days of the date of the invoice, an additional 10 percent penalty shall be added to the original deficiency. In addition to the penalties imposed, any operator who fails to remit payment of billed audit deficiencies within 30 days of the date of the invoice shall pay interest at the rate of one percent per month or fraction thereof, compounded, on the amount of the tax, exclusive of penalties. (Ord. 3636 § 6, 2021)