(a) All taxes imposed by this chapter shall be collectable, together with any interest and penalties in the case of fraud, or omission of a substantial portion of income subject to this tax or of failure to file a return, an additional assessment shall not be made after three years from the time the return was due or filed, whichever is later. However, in those cases in which a Commissioner of Internal Revenue and the taxpayer have executed a waiver of the Federal statute of limitations, the period within which an additional assessment may be made by the Administrator shall be one year from the time of the final determination of the Federal tax liability, whichever is later.
(b) Taxes erroneously paid shall not be refunded unless a claim for refund is made within three months after the final determination of the Federal tax liability, whichever is later.
(c) Amounts of less than one dollar ($1.00) shall not be collected or refunded.
(d) The Administrator hereunder shall act to start collection procedures against any individual who has failed to pay taxes or has made an underpayment and the amount of taxes due exceeds twenty-five dollars ($25.00) for any given tax year.
(Ord. 4-1982. Passed 2-10-82.)