Sec. 12-581. Returns. Payment of tax. Penalties.
Sec. 12-581. Returns. Payment of tax. Penalties. Each person subject to a tax
imposed under section 12-579, shall file a return on or before the twentieth of each
month setting forth the amount of tax due for the preceding month and such additional
information as the tax collector may require. Payment of the tax shall accompany such
return. Any person subject to such tax failing to file a return and pay the tax when due
is liable for a penalty of ten dollars or ten per cent of the tax due, whichever is greater.
In addition, there shall be added interest at the rate of one and one-half per cent per
month, or fraction thereof, from the date of the return until date of payment. The tax
collector, if satisfied that the failure to comply with any provision of this section was
due to reasonable cause, may abate or remit the whole or part of any penalty.
(P.A. 74-308, S. 3; P.A. 82-163, S. 4, 6.)
History: P.A. 82-163 changed the penalty for failure to pay the tax when due from $10 plus 10% of the tax due to the
greater of $10 or 10% of the tax due and increased the applicable rate of interest from 1% per month to 1.5% per month.