75D - PH - BUSINESS LICENSE TAX ORDINANCE

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interest to arrive at a combined amount of tax, penalty and interest equivalent to the amount of the current or prior years' taxes owing as computed or determined based upon the business license tax rates in effect for the most current tax year the collector in his or her discretion may retain a sufficient amount of accrued penalty alone, or a sufficient amount of accrued interest alone, or any sufficient combination of accrued penalty amount and accrued interest amount necessary. Whenever the result of any audit performed pursuant to this chapter determines that any licensee has, exclusive of penalties and interest, underpaid the amount of their business license tax by ten (10) per cent or more of the total amount due, but not less than two hundred fifty dollars ($250), then an audit service fee in an amount as specified by resolution of the city council shall be applied. Sec. 21-83.1. Partial payment; not construed as meeting requirements of chapter - Installment payments and/or deferral; permitted - Written agreement to satisfy indebtedness; effect. (a) Except as provided in section 21-83, subsection (b), acceptance of any partial payment of business license tax or penalty or interest owing that is less than the amount required under the terms of this chapter shall not be construed as meeting the requirements of this chapter. No license or sticker, decal, tag, plate or symbol shall be issued, nor shall one which has been suspended or revoked be reinstated or reissued, to any person who, at the time of applying therefor, is indebted to the city for any delinquent business tax, unless such person, enters into an acceptable binding written agreement with the city to satisfy said delinquency within one (1) year. With the consent of the collector such agreements may be deferred or extended for a period exceeding one (1) year. (b) The execution of any agreement to satisfy delinquent business license taxes by means of installment payments and/or deferral shall not prevent the accrual of penalties and interest as applicable on the unpaid balance as provided under the terms of this chapter. However, such additional penalties as may accrue and the interest on such penalties shall not be applied after the execution of such agreement and the payment of the first installment and during such time as such person shall not be in breach of the agreement. Upon the timely payment of the final installment of the agreement such additional penalties and the interest thereon as may have accrued shall be waived. In any agreement so entered into, such person shall acknowledge the obligation owed the city and agree that, in the event of failure to make timely payment of any installment, the whole amount unpaid, principal together with accrued penalties and interest thereon, shall become immediately due and payable. In the event such person fails within a period of thirty (30) days thereafter to render payment in full, such person's current business license may be revoked by the collector. In the event legal action is brought by the city to enforce collection of any amount included in the agreement, such person shall pay all costs of suit incurred by the city or its assignee, including attorney Page 30 75D-32