Ordinance 2002-1375 - Laserfiche WebLink

Home Browse Search

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 of limitation, 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 pay or 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. Except as to the sales tax and use tax rate provided for in this Chapter, the items taxed and exempted from the sales tax and use tax hereunder, and the use of the sales and use tax revenues provided for in this Chapter, the city council may amend, alter, delete or change the provisions of this Chapter by the adoption of an amending ordinance in accordance with law, and such amendment, alteration, deletion or change need not be submitted to the electors of the city for their approval unless otherwise required by the Colorado Constitution. Sec. 3.20.090. Violation; penalty. It is unlawful to violate any of the provisions of this Chapter. Any person convicted of violating any of the provisions of this Chapter shall be subject to the 11