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2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />a <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 li <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />adjustment shall be the change in the average CPI for the year ending December <br />131,2015. <br />F. Reporting and Remittance. <br />In order to aid in the City's collection of taxes due under this Section and to <br />ensure that all Marijuana Businesses and Cultivation Sites are taxed consistently <br />to the best of the City's ability, beginning as set forth in Section K, below, and <br />monthly thereafter, each Marijuana Business shall report to the City any Gross <br />Receipts received during the reporting period and shall likewise remit to the City <br />the taxes due and owing during said period. For purposes of this Section, taxes <br />shall begin to accrue on the date that a person or entity first receives a business <br />license or other permit to operate as a Marijuana Business or Cultivation Site. <br />Square Footage payments shall be made annually at the beginning of the <br />calendar year and should be based on the most recent County Assessors <br />records, pro -rated based on the number of months of operation. <br />G. Delinquent date - Penalty. <br />Any individual or entity who fails to pay the taxes required by this Section <br />within thirty (30) days after the due date shall pay in addition to the taxes a <br />penalty for nonpayment in a sum equal to twenty-five percent (25 %) of the total <br />amount due. Additional penalties will be assessed in the following manner: ten <br />percent (10 %) shall be added on the first day of each calendar month following <br />the month of the imposition of the twenty five percent (25 %) penalty if the tax <br />remains unpaid; up to a maximum of one hundred percent (100 %) of the tax <br />payable on the due date. Receipt of the tax payment in the office shall govern the <br />determination of whether the tax is delinquent. Postmarks will not be accepted as <br />adequate proof of a timely payment. <br />H. Records Inspection. <br />Whenever it is necessary to examine any books or records, including tax <br />returns, of any Marijuana Business or Cultivation Site in the City to ascertain the <br />CITY OF - MEDICAL MARIJUANA TAX INITIATIVE [PROPOSED] -6 <br />