If any retailer shall, during any reporting period, collect as a tax an amount in excess of three and seven one-hundredths percent (3.07%) of the total taxable sales, the retailer shall remit to the Director the full net amount of this tax imposed and also such excess. The retention by the retailer of any excess of tax collections over three and seven one-hundredths percent (3.07%) of the total taxable sales of the retailer, or the intentional failure to remit punctually to the Director the full amount required to be remitted by the provisions of this City Tax Code, is hereby declared to be a violation of this City Tax Code and shall subject the retailer to the imposition of penalty and interest, and may subject the retailer to other remedial actions provided within this City Tax Code. (1968 Code §3-85; Ord. 76-168; Ord. 84-27; Ord. 92-149; Ord. 93-176; Ord. 94-206; Ord. 95-182; Ord. 96-208; Ord. 97-97; Ord. 01-42; Ord. 01-168; Ord. 15-97 1 ; Ord. 20-61 2 )
Notes
| 1 | 1. January 1, 2016, is the effective date of ordinance 15-97. |
| 2 | 2. January 1, 2021 is the effective date of Ordinance 20-61. |