§ 66-183. Interest and penalties for late payment and late returns.

Any seller of telecommunications service failing to remit to the town on or before the 20th day of each calendar month or quarter, as applicable, or if the 20th day is either a legal holiday or is not a town business day, then on or before the first town business day that is not also a legal holiday, following the 20th day of the month or quarter, as applicable, all such taxes levied and collected during the preceding tax period shall be liable for interest on the unpaid amount of tax at the rate of one percent per month of the delinquent tax, not to exceed a total penalty of 25 percent, except that in no event will the penalty for failure to file a return be less than $15.00. In the case of a fraudulent return or a willful intent to evade payment of the tax, the seller making such fraudulent return or willfully attempting to evade payment of the tax, shall be liable for a specific penalty of 100 percent of the tax. Interest and penalties shall be computed on the net tax due after application of any overpayments. The interest and penalties shall accrue from the due date until the date such taxes are paid; provided, however, that the finance director may settle or compromise any interest due pursuant to this section as is reasonable under the circumstances.

(Code 1999, § 74-147; Ord. No. 99-13, § 7, 10-21-1999)