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3.01.280 Tax deficiency

A. If a deficiency in payment of the sales or use tax occurs without intent to defraud, there shall be added an administrative fee of fifteen dollars ($15.00) or a penalty equal to ten percent (10%) of the total amount of the deficiency, whichever is greater, and interest on such deficiency at the rate established by the State Commissioner of Banking pursuant to C.R.S. § 39-21-110.5 plus one-half percent (0.5%) per month from the date when due, not exceeding eighteen percent (18%) in the aggregate. Such deficiency, fee, penalty and interest shall become due and payable thirty (30) days after written notice and demand by the Finance Director to the person required to file the return.
B. If any part of the deficiency is the result of fraud with the intent to evade the tax, there shall be added one hundred percent (100%) of the total amount of the deficiency, and in such case, the entire amount of the tax unpaid, including all additions, shall become due and payable thirty (30) days after written notice and demand by the Finance Director, and an additional three percent (3%) per month (Ord. O-2015-3 § 9, 2015;Ord. O-2011-1 § 6, 2011; Ord. O-91-61 § 69, 1991; Ord. O-85-137 § 1 (part), 1985).