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The comptroller shall establish a financial hardship committee within the staff of the department to consider written applications for abatement of tax liabilities that have been assessed by the comptroller, including related interest and penalties, in cases involving a demonstrated uncertainty as to collectability of the assessment within a reasonable period of time. The committee shall make recommendations to the comptroller. The comptroller shall deny any application where it is determined that the applicant has committed fraud or has otherwise failed to make good faith efforts to comply with the city's tax laws. Pursuant to Section 3-4-150 of the Municipal Code, any reduction of liability shall be subject to approval by the corporation counsel. Any communication, recommendation, action or decision of the comptroller or committee regarding the financial hardship process shall be confidential and shall be within the sole discretion of the comptroller or committee.
(Added Coun. J. 5-12-99, p. 106; Amend Coun. J. 11-16-11, p. 13798, Art. I, § 3)