§ 6-1.112. Determination if No Return Made; Estimate of Liability, Additional Costs and Interest.

(a)

If any taxpayer fails to make a timely return, the Tax Collector may make a determination based upon an estimate of the amount of the total tax liability of the taxpayer. The estimate shall be made for the period or periods in respect to which the person failed to timely make a return, failed to timely make a prepayment or failed to timely remit a tax, and may be based upon any information which is in the Tax Collector's possession or may come into his or her possession. Upon the basis of this estimate, the Tax Collector shall compute and determine the amount required to be paid to the City, adding to the sum thus computed an additional cost equal to twenty (20) percent thereof: One (1) or more determinations may be made for one or more than one (1) period.

In making a determination, the Tax Collector may offset overpayments for a period or periods, together with interest on the overpayments, against underpayments for another period or periods, against additional costs, and against the interest on the underpayments. The amount of the determinations, exclusive of additional costs, shall bear interest at the rate of one (1) percent per month, or fraction thereof, from the last day of the month following the close of the quarterly period for which the amount or any portion thereof, should have been returned until the date of payment.

(b)

Upon making his or her determination, the Tax Collector shall serve the person or persons determined to be liable therefor with written notice of the determination and penalty, the notice to be served personally or by mail.

(Added by Ord. 3266-C.S., § 1, effective 9-26-02)