Ordinance 2006-1504 - Laserfiche WebLink

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H. Any due date, payment date, or deadline for paying tax due, providing information or taking other action which falls on a Saturday, Sunday or legal holiday recognized by either the Federal government or State of Colorado shall be extended to the first business day following such weekend or holiday. I. The finance director may, upon advance written request of the taxpayer and in the director's sole discretion, authorize the filing of returns and payment of taxes at such intervals as will better accommodate the convenience of the taxpayer. The finance director may grant such request if it is determined, in the finance director's sole discretion, that the collection of the tax will not be jeopardized, that the realization of amounts owed will not be delayed, and that administrative hardship to the city will not be caused by reason of the granting of such request. Authorization for such alternate method of reporting may be revoked by the finance director if the taxpayer becomes delinquent or if the finance director otherwise determines in the director's sole discretion that such alternative method will jeopardize collection of the tax, result in delay of amounts owed, or otherwise cause administrative hardship to the city. Immediately following notice of such revocation, the taxpayer shall file returns and pay tax as otherwise required by this Chapter. Sec. 3.20.270. Deductions and credits; vendor's fee. A. BAD DEBTS: Taxes paid on gross taxable sales represented by accounts found to be worthless and actually charged off for income tax purposes may be credited upon a subsequent payment of the tax provided in this Chapter, but if any such accounts are thereafler collected by the taxpayer, then a tax shall be paid upon the amounts so collected. B. RETURNED GOODS: Taxes paid on the amount equal to the sale price of property returned by the consumer when the full sale price including the tax levied is refunded, either in cash or by credit, may be credited upon a subsequent payment of the tax provided in this Chapter, but a tax shall be paid on any resale of such goods. C. VENDOR'S FEE: The vendor shall be entitled to withhold an amount equal to the lesser of three and one-third percent (3-113%) of the amount of the tax to be remitted by the vendor under this Chapter, or one hundred dollars ($100.00), to cover the vendor's expense in the collection and remittance of said tax. If any vendor is delinquent in remitting said tax, the vendor shall not be allowed to retain any amount to cover his expense in collecting and remitting said tax, and an amount equal to the fun tax amount shall be remitted to the finance director by any such delinquent vendor. Sec. 3.20.280. Acquisition, inception and cessation of business. 28