Ordinance 2002-1375 - Laserfiche WebLink

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provisions of this Chapter. This term includes sales of all pre-press preparation printing materials, as defined by subsection 18 of this section, which are used by a printer for a specific printing contract where the printed product is sold at retail to a customer accepting delivery within this state. 29. Sec. 3.20.030. "Wholesaler" means a person doing a regularly organized wholesale or jobbing business, and known to the trade as such and selling to retail merchants, jobbers, dealers, or other wholesalers, for the purpose of resale. Trust status of tax. A. CITY PROPERTY IN TRUST: All sums of money paid by the consumer to the retailer as taxes imposed by this Chapter shall be and remain public money and the property of the city in the hands of such retailer. Such retailer shall hold the same in trust for the sole use and benefit of the city until paid to the finance director as herein provided. It shall be unlawful for any retailer to fail or refuse to pay to the finance director all such sums. B. SEGREGATED ACCOUNT: If a retailer is suffering financial difficulty, or is delinquent in making payment of sales tax collected, or is apparently using tax money collected for his own purposes, the finance director may require the trust funds to be kept segregated in a special account at a bank or other financial institution. Withdrawals from said account shall only be payable to the finance director, and the finance director shall be authorized to make withdrawals from said account. Where said account is not kept as required herein, all the property of the taxpayer shall be considered as trust property of the city. Sec. 3.20.040. Sales tax defined. Sales tax is the tax collected or required to be collected from a purchaser and remitted by a retailer on taxable retail sales under this Chapter. Sec. 3.20.050. Use tax defined. 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 10