A. Assessments, Collections And Liens: The taxes for any period, together with interest and penalties with respect thereto, imposed by this City Tax Code shall not be assessed nor shall any notice of lien be filed, or distraint warrant issued, or suit for collection be instituted, or any other action to collect be commenced, more than three (3) years after the date on which the tax was or is payable, and a tax return has been filed, nor shall any lien continue after this period, except for taxes assessed before the expiration of the period, and notice of lien with respect to which has been filed prior to the expiration of the period, in which case the lien shall continue for five (5) years after the expiration of the period.
B. False And Fraudulent Returns: In the case of a false or fraudulent return with intent to evade tax, the tax together with interest and penalties, may be assessed, or proceedings for the collection of the tax may be begun at any time.
C. Extensions: Before the expiration of the period of limitation, the taxpayer and the Director may agree in writing to an extension, and the period agreed on may be extended by subsequent agreements in writing.
D. Failure To File A Return: In the case of failure to file a return, the tax, with interest and penalties, may be assessed and collected at any time. (Ord. 85-274; Ord. 94-206; Ord. 01-42)