NS-2436 - Laserfiche WebLink

Home Browse Search

107 supplier in satisfaction of its obligations under this code shall be considered timely if the transfer is initiated on or before the due dates provided in this code, and settles into the City's account on the following business day. Sec. 35-164. Penalty and interest; delinquencies and deficiencies in collection and remittance. (a) Taxes collected but not remitted by due date - delinquencies in remittance. If taxes collected by a service supplier from a service user, or self collected by a service user subject to section 35-158 of this code are not remitted to the tax administrator on or before the due dates provided in this code, such taxes shall be delinquent. The tax administrator shall attach a penalty for such delinquencies in remittance at the rate of fifteen percent (15%) of the total delinquent amount due. (b) Taxes not collected- delinquencies in collection. If a service supplier required to collect any tax hereunder fails to collect such tax, or, if a service user required to self- collect and remit the tax pursuant to section 35-158 of this code, fails to self collect the tax, the tax administrator shall attach a penalty for such delinquencies in collection at the rate of fifteen percent (15%) of the total tax amount that is determined to be due. (c) Taxes not fully collected- deficiencies in collection. If a service supplier required to collect and remit any tax hereunder fails to collect the full amount of the tax, or, if a service user subject to section 35-158 of this code fails to properly self-collect the full amount of the tax, the tax administrator shall attach a penalty for such deficiencies in collection at the rate of fifteen percent (15%) of the total tax amount that is determined to be due. (d) Taxes not fully remitted - deficiencies in remittance. If a service supplier required to collect and remit any tax hereunder fails to remit the full amount of the tax collected, or, if a service user subject to section 35-158 of this code fails to properly remit the full amount of the tax self-collected, the tax administrator shall attach a penalty for such deficiencies in remittance at the rate of fifteen percent (15%) of the total tax amount that is determined to be due. (e) Fraud or gross negligence - additional penalties. If the tax administrator determines that the nonpayment of any delinquency or deficiency due by any service supplier, or service user required to self-collect and remit the tax pursuant to section 35- 158 of this code, is due to fraud or gross negligence, the tax administrator shall have the power to impose additional penalties upon such persons at the rate of fifteen percent (15%) of the amount of the remittance due. (f) Penalties - maximum amount. The cumulative amount of all applicable penalties imposed under this code shall not exceed an amount equal to the amount of the tax originally owed. Ordinance No. NS-2436 Page 13 of 22