a. The City may grant any person or business entity an extension of not more than six (6) months, unless a longer extension has been granted by the Internal Revenue Service or is agreed to by the City and the person or business entity, for filing its return, if the person or business entity on or before the date prescribed for payment of the net profit license fee, requests the extension and pays the amount properly estimated as its fee.
b. Application for extension must be accompanied by payment of:
1. An estimated fee in an amount not less than ninety (90%) percent of the total fee as finally determined; or,
2. An estimated fee in an amount equal to the total liability for the most recent year; and,
3. In no case shall the estimated fee paid with the extension be less than the minimum thirty ($30.00) dollar fee.
c. If the time for filing a return is extended, the business shall pay as part of the fee an amount equal to twelve (12%) percent per annum simple interest on the fee shown due on the return, but not been previously paid, from the original time the fee was due until the return is actually filed and the fee paid to the City. A fraction of a month is counted as an entire month.
(Ord. BG2020-23, 9/1/2020)