(A) Each taxpayer shall make a tax return as required by this article to the Village Treasurer on or before the first day of each month, stating:
(1) The name of the taxpayer;
(2) The principal place of business of the taxpayer;
(3) The gross receipts during the prior month upon the basis of which the tax is imposed;
(4) Amount of tax; and
(5) Such other reasonable and related information as the corporate authorities may require.
(B) The taxpayer making the return shall, at the time of making such return, pay to the Village Treasurer the amount of tax herein imposed. In connection with any return the taxpayer may, if taxpayer so elects, report and pay an amount based upon total billings of business subject to the tax during the period for which the return is made (exclusive of any amounts previously billed) with prompt adjustments of later payments based upon any differences between such billings and the taxable gross receipts.
(Ord. 93-10-90, passed 10-12-1993)