§ 150-1202. Delinquent or fraudulent taxes; penalties; waiver.
(a)
If any tax under this article is not collected and remitted within the time prescribed herein it shall become delinquent and the delinquent dealer in addition to being liable for the tax due plus interest, shall be subject to a penalty of 20 percent on the amount of the tax and interest, and penalty in all cases wherein an attorney is required to assist in the collection. As a further penalty, any dealer filing a daily or monthly report subsequently found to be grossly incorrect, false or fraudulent shall be guilty of a misdemeanor.
(b)
The director of the department of finance, with the approval of the city attorney and that of the mayor or chief administrative officer upon written application of any person, after notice to the tax debtor and an opportunity for the same to be heard, may waiver all or a portion of any interest and penalty due, upon finding that such a waiver will, in the long-term, enhance the anticipatable revenues to the city or that such a waiver will avoid unfairness or undue hardship to the applicant.
(Code 1956, § 56A-11)