(A) Each person subject to a license fee imposed by this chapter shall on or before May 11 of each year, make and file with the City Clerk/Treasurer/Tax Collector an estimated return in duplicate, on a form furnished by or obtainable from the City Clerk/Treasurer/Tax Collector setting forth the aggregate amount of estimated net profits to be earned during the ensuing fiscal year.
(B) The licensee in filing the return showing the estimated net profits for the ensuing year may use as estimated net profits that declaration of net profits which is shown on Schedule C of his or her federal income tax return for the occupation, trade or profession for the immediately preceding calendar year.
(1) Where the licensee is required under this chapter to file an estimated return of net profits for more than one occupation, trade or profession in which he or she is engaged, then the declaration of net profits shown on the Schedule C for each occupation, trade or profession for the preceding calendar year shall be sufficient to support his or her estimated return for the ensuing year.
(2) If, for any reason, any Schedule C for the preceding calendar year does not adequately reflect proper supporting evidence concerning the occupation, trade or profession with which it deals for the ensuing fiscal year commencing May 11, or if the licensee chooses to use evidence other than Schedule C, the licensee shall be permitted to rely upon, and submit to the City Clerk/Treasurer/Tax Collector, if requested, similar or more accurate supporting figures.
(C) At the time of the filing of the estimated return for the ensuing year, the licensee shall pay in advance the estimated license fee for the ensuing year, which fee as set forth in § 110.04 of this chapter shall be no less than $50 per year, nor more than $500 per year, except for those businesses, occupations, vehicles and devices, defined in § 110.15 of this chapter, which are exempted from said limits.
(D) Within 30 days after the close of each fiscal year, the licensee shall, on a form furnished by or obtainable from the City Clerk/Treasurer/Tax Collector, file an accurate declaration of the net profits for his or her business, profession or occupation, and at that time, pay the difference if any, between that amount paid with his or her estimated return which was filed the preceding year or, in the alternative, he or she may claim a refund, if one is due, and the City Clerk/Treasurer/Tax Collector shall forthwith process and pay the refund as soon as possible and within 30 days thereafter, unless the licensee in writing directs the City Clerk/Treasurer/Tax Collector to credit the refund on future license fees or other payments due the city under this chapter or any other ordinance. Pursuant to the maximum license fee in § 110.04 of this chapter if the licensee does not desire or choose to disclose his or her net profits under the provisions of this chapter, he or she shall be deemed to have complied with all of the provisions of this section by filing an estimated return on or before May 11 of each year, showing his or her estimated tax to be $500, signing the estimated tax return, and paying the maximum license fee of $500. No further final return shall be required, unless he or she elects to file a final return after the close of the fiscal year for the purpose of claiming a refund.
(E) It is the intent of this chapter that any license fee paid during any calendar or fiscal year is for the right to do business in that calendar or fiscal year.
(F) Upon the recommendation of the Mayor and subject to the approval of the City Council, the City Clerk/Treasurer/Tax Collector, after having received such approval by the Council, shall have the authority to extend the time for the filing of the returns in individual cases. Such extension shall be upon the written request of the licensee. All sums shown by the final return, when filed, to have been due at the end of the fiscal year, shall bear interest at the rate of 6% per annum from May 11 until paid.
(G) Where a part of a business is situated in one or more other locations apart from the principal place of business but the same is an integral part of the principal place of business, the licensee shall be required by this chapter to file a single return, as herein provided, if he or she files with the City Clerk/Treasurer/Tax Collector an affidavit setting out facts sufficient to prove to the City Clerk/Treasurer/Tax Collector that the separate locations are in fact an integral part of the principal place of business.
(Prior Code, § 110.08) (Ord. A-27, passed 3-24-1969; Ord. passed 5-16-1978) Penalty, see § 110.99