If within one year from the payment of any tax or penalty the payer thereof or his executors, administrators, successors or assigns makes application for a refund thereof, for the benefit of the person from whom the same was collected, and the Director of Finance determines that such tax or penalty, or any portion thereof, was erroneously or illegally collected and that the same can and will be duly refunded to the persons from whom the same was collected, the Director shall issue his warrant showing the amount so erroneously or illegally collected and refund the amount so certified, without interest, out of any moneys appropriated for that purpose upon such terms and conditions as to the making of proper refunds as the Director may impose. For like cause and within the same period, a refund may be so made on the initiative of the Director, but no refund shall be made of a tax or penalty paid pursuant to a determination of the Director provided for in Section 705.14, unless the Director, after a hearing as provided in such section, or on his own motion, has reduced the tax or penalty in which event a refund shall be made as herein provided upon the termination of such appeal. An application for a refund made as herein provided shall be deemed a petition for reassessment within the meaning of Section 705.14 and the Director may receive additional evidence with respect thereto.
(Ord. 1947-13. Passed 9-1-47.)