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• Sec. 30-35. Returns. (a)On or before January thirty-first of each year, every owner of tangible personal property or machinery and tools subject to taxation shall file with the commissioner of revenue, on forms prescribed by the commissioner, an itemized list of such property with such descriptions, valuations and cost figures as the form shall require, except as provided in paragraph (b), below. The commissioner shall mail forms to all persons believed to own such property in the city, prior to January first. Lessees of taxable property shall file returns listing the name and address of the owner. For motor vehicles and trailers which acquire a situs in the city after January first of any tax year, as provided under section 30-38, the owner of such motor vehicles and trailers shall file a return with the commissioner within thirty (30) days of the date of the establishment of situs within the city. and the «egistfati.... and p ....,1 ase of deeals for mate to the trpnsifflf -A; the time of pufohase ofthe eity deeal shall be deemed to ee n, filing of the pe signed,,., nal pfepefty tax retum with the vE)FAFAissienef. Motor vehicles trailers, and boats shall be subject to annual assessment and taxation, based on a previous personal property tax return filed by the owner or owners of such property. For those whose name or address has not changed since a previous filing, and whose personal property has had no change in status or situs, the assessment and taxation of property shall be based on the most recent tax return previously filed with the City. The owner of a motor vehicle, trailer, or boat shall request and shall file a new personal property tax return with the city, whenever there is: (i) a change in the name or address of the owner; (ii) a change in the situs of the property; (iii) any other change affecting the assessment or levy of the personal property tax on motor vehicles, trailers, or boats for which a tax return has been filed • previously; or (iv) any change in which a person acquires one or more motor vehicles, trailers or boats and for which no personal property tax return has been filed with the city. (c)If any person liable to file a return of any of the subjects of taxation mentioned in this chapter neglects or refuses to file such return for any year within the time prescribed the commissioner of the revenue shall, from the best information he can obtain enter the fair market value of such property and assess the same as if it had been reported to him. 4. Chapter 30(Taxation), Article VI (Collection of Taxes on Real Estate, Tangible Personal Property, Machinery and Tools), Section 30-164 of the City Code is hereby amended and reenacted as follows: Sec.30-164. Penalties and interest on delinquencies. (a)Any person failing to pay that portion of taxes on real estate, personal property or machinery and tools, due on or before June fifth and December fifth, respectively, or on such date as otherwise provided for under section 30-161(b), shall incur penalties thereon of ten (10) percent of the amount of tax respectively becoming payable on such dates. If such taxes and penalties remain uncollected, there shall be collected interest at the rater (lode„ specified in 00-5 of this chanter, upon both the principal sum and penalties. Such interest shall commence from December thirty-first with regard to taxes payable December fifth, and from June thirtieth with regard to taxes payable June fifth. (b).... (c).... • 5. Chapter 30 (Taxation), Article IX (Transient Occupancy Tax), Section 30-259 of the City Code is hereby amended and reenacted as follows: Page 7 of 8