1996_Ordinances - Laserfiche WebLink

Home Browse Search

by the Commissioner of Revenue, whose duty it shall be to review • all estimated licenses and assess any additional licenses as may be found to be due after the close of the license year on the basis of true sales, purchases, gross receipts or commissions. Any taxpayer who has overestimated shall be entitled to a refund or credit of the amount so overestimated. (d) Licenses granted pursuant to this chapter shall be prorated only as follows: (1) Any business which has ceased permanently to do business within the city, the licensee shall be entitled to a refund, upon proper application, for the number of full months remaining in the license year after termination of operation. Businesses desiring such refunds, or their representatives, shall make application to the commissioner of revenue. The commissioner shall certify the amount of refund due to the treasurer and director of finance, who are authorized to pay such refunds from the current unappropriated balance of the general fund, without further appropriation by city council. No such refund shall be allowed unless application is made within two (2) years of the date the business ceased operation. (2) In the case of an annual issuance fee which is based on a flat rate rather than on gross receipts, such license • shall, upon proper application, be prorated on a quarterly basis when the initial license for such business is being acquired with the applicant for such license being charged the fee for each unexpired quarter, or fractional part thereof, of the license year. Section 14-14. Taxpayer's records and audits. (a) Every person who is assessable with a local license issuance fee and license tax shall keep sufficient records to enable the Commissioner to verify the correctness of the tax paid for the license years assessable and to enable the Commissioner to ascertain the correct amount of tax that was assessable for each of those years. Those records shall include, but not be limited to, all invoices, records of all purchases and from whom made, records of all sales, records for all commissions, gross receipts, contracts and orders accepted and from whom received and with whom made, records of all sales, commissions, costs, receipts, contracts or orders accepted, and general books of account. All such records, books of accounts and other information shall be open to inspection and examination by the Commissioner, license inspector and auditor, and deputy license inspector, to ascertain the correct amount of the tax that was assessable for each of those years and to make certain that all requirements of this chapter are met. (b) The Commissioner shall provide the licensee with the • option to conduct the audit in the taxpayer's local business office, if records are maintained there. In the event records are Page 20 of 34