75F - PH CANNABIS BUSINESS INTEGRATION

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(e) Jeopardy Determination. If the collector believes that the collection of any business license tax imposed by this Article will be ieopardized in whole or in part by delay in the commercial cannabis business owner's/operator's timely remittance of the business license tax, the collector shall serve notice upon the person determined to be liable therefor of their determination of ieopardv and of the business license tax required to be paid to the Citv and demand immediate Payment thereof, together with any interest and penalty determined to be due. The collector may consider all facts and circumstances relevant to determining whether the collection of any business license tax will be ieopardized by delay, including but not limited to indications that the person liable for the business license tax intends to take or is taking action to discontinue business activities in the City, dissipate or otherwise remove assets from the City, or sell, exchange transfer, assign or otherwise dispose of such person's business, personal or business income, or business property. The collector also may consider whether the person liable for the business license tax is or has been uncooperative or unresponsive in connection with any investigation, examination, audit deficiency determination, assessment, or collection action or procedure undertaken by the collector. A ieopardv determination of business license tax, penalty, or interest, is immediately due and payable upon the service of the notice of ieopardv determination on the person determined to be liable therefor. Service of notice of a ieopardv determination shall be made by: (1) sending the notice initially by electronic mail to the depositing commercial cannabis business owner's/operator's electronic mail address of record as set out in the depositing commercial cannabis business owner's/operator's application for business license or most recent business license renewal affidavit or business license amendment statement: (2) placing the notice for delivery with an express carrier for next business day delivery, all delivery and tracking charges prepaid, addressed to the depositing commercial cannabis business owner/operator at their place of business: and/or (3) conspicuously posting said notice upon the premises of the commercial cannabis business. Service of notice of a ieopardv determination shall be deemed completed upon tracking confirmation of the delivery of said notice to the commercial cannabis business owner's/operators place of business or on the date of the actual posting of said notice on the premises of the depositing commercial cannabis business owner/operator. Upon the business day next following the completion of service of notice of a ieopardv determination upon a depositing commercial cannabis business, the collector in his or her discretion may proceed with the application of the security deposit upon actual or estimated business license taxes due, including penalties, interest, charges, or service fees. (f) Refund or release of security deposit. In the case of the sale, assignment, or other transfer or termination of business by the depositor pursuant to section 21-141, the collector shall refund or release the security deposit amount required pursuant to this section, or in the event of prior application of the security deposit pursuant to 18 75F-24