A. A late payment fee will be imposed on a tax collector who mails or hand delivers the tax return or remittance after the due date. The late payment fee will be calculated at five percent of the unpaid tax. If the tax collector files or pays more than 30 days after the due date, an additional 20 percent late payment fee will be added to the unpaid tax. If the finance director determines that the nonpayment of any remittance due under this chapter is due to fraud or intent to evade the provisions of this chapter, a late payment fee of 25 percent of the amount of the tax shall be added, in addition to the other fees described in this subsection.

B. In addition to any late payment fee, interest shall be added to the overall amount due at the rate of one percent per month or fraction of a month, from the due date until the date payment in full is received by the tax administrator. The tax administrator may waive interest imposed if the tax administrator determines that the amount of interest imposed is de minimis and that the administrative cost of collecting the interest exceeds the amount of interest imposed.

C. The late payment fee and any interest that accrues becomes a part of the financial obligation required to be paid and remitted to the tax administrator.

D. Taxes, interest and fees paid to the tax administrator under this section shall be distributed to the city’s transient lodging tax fund. (Ord. 5080 §1 (Exh. 1 (part)), 2019; Ord. 4994, 2015).