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7.02.550 Presumptive Tax.

City Code Section

(Amended by Ordinances 187339 and 191011, effective October 28, 2022.)

  1. A. If a person fails to file a tax return, a rebuttable presumption exists that the tax payable amounts to $500 for every license tax year for which a tax return has not been filed.
  2. B. Nothing in this Section prevents the Division from assessing a tax due which is less than or greater than $500 per license tax year.
  3. C. Taxes determined under this subsection are subject to penalties and interest from the date the taxes should have been paid as provided in Section 7.02.510 in accordance with Sections 7.02.700 and 7.02.710.  The Division will send notice of the determination and assessment to the taxfiler.