All taxes levied under this chapter shall be paid quarterly and remittance therefor shall be made on or before the fifteenth day of the month next succeeding the end of the quarterly period in which the tax accrued. The remittance shall be accompanied by a form to be provided and prescribed by the director of finance. The taxpayer shall be required to swear or affirm that the information contained in such form is full and true and that the taxpayer knows the same to be so. If the tax return and payment are not received within 15 days of the date due, a penalty will be imposed as follows: If 16 to 45 days delinquent, 10 percent of the tax with a minimum penalty of $1.00; if 46 to 75 days delinquent, 15 percent of the tax with a minimum penalty of $2.00; if 76 or more days delinquent, 20 percent of the tax with a minimum penalty of $3.00. [Ord. 8301 § 2, 1974].