Ordinance 2006-1504 - Laserfiche WebLink

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Use tax is the tax paid or required to be paid by a consumer for purchasing and using, storing, distributing or otherwise consuming tangible personal property within the city as taxed under this Chapter. Sec. 3.20.060. Statute of limitations. A. ASSESSMENTS, COLLECTIONS AND LIENS: The taxes for any period, together with interest thereon and penalties with respect thereto, imposed by this Chapter shall not be assessed nor shall any notice of lien be filed, distraint warrant issued, suit for collection be instituted, or any other action taken to collect the same be commenced, more than three (3) years after the date on which the tax was or is payable. In addition, no lien shall continue after such period, except for taxes assessed before the expiration of such period, in which case such lien shall continue for only one year after the filing of notice thereof. B. FALSE AND FRAUDULENT RETURNS: In the case of a false or fraudulent return with intent to evade tax, the tax together with interest and penalties thereon, may be assessed, or proceedings for the collection of such tax may be begun, at any time. C. EXTENSIONS: Before the expiration of such period oflimitation, the taxpayer and the finance director may agree in writing to an extension thereof, and the period so agreed on may be extended by subsequent agreements in writing made before the expiration of the previously agreed upon time. D. FAILURE TO FILE A RETURN: In the case of failure to file a return, the tax, with interest and penalties thereon, may be assessed and collected at any time. Sec. 3.20.070. Duty to keep records. A. It is the duty of every taxpayer to keep and preserve for a period of three (3) years such books, accounts and records as may be necessary to determine the amount of the tax the taxpayer is liable to payor collect under this Chapter. Such books, accounts and records shall include, by way of example and not limitation, original sales and purchase invoices, receipts and related documents. B. All such books, accounts, records, invoices, receipts and other documents required to be kept hereunder shall be open for examination by the finance director upon demand. If a taxpayer keeps or maintains his books, accounts, records, invoices, receipts,. or other documents, or any portion thereof, outside the city, then upon demand of the finance director the taxpayer shall make the same available at a suitable place within the city, to be designated by the finance director, for examination, inspection and audit by the finance director. Sec. 3.20.080. Amendments. 15