(a) Unpaid Taxes Recoverable as Other Debts. All taxes imposed by this chapter shall be collectible, together with any interest and penalties thereon, by suit, as other debts of like amount are recoverable. Except in the case of fraud, omission of a substantial portion of income subject to the tax or failure to file a return, an additional assessment shall not be made after three years from the time the return was due or filed, whichever is later, provided, however, that in those cases in which a Commissioner of Internal Revenue and the taxpayer have executed a waiver of the Federal statute of limitations, the period within which an additional assessment may be made by the Administrator shall be one year from the time of the final determination of the Federal tax liability.
(b) Refund of Taxes Erroneously Paid.
(1) Taxes erroneously paid shall not be refunded unless a claim for refund is made within the time specified in Section 718.06 of the Revised Code which presently reads as follows: Claims for refunds of municipal income taxes must be brought within three years after the tax was due or the return was filed, whichever is later.
(2) No interest shall be paid by the Village on any refunded overpayment of Village income tax if the overpayment is refunded within ninety (90) days after the due date for filing the Village income tax return or ninety (90) days after the complete return is filed, whichever is later. For purposes of computing the payment of interest on overpayments, no amount of Village income tax for any taxable year shall be treated as having been paid before the date on which the Village income tax return for that taxable year was due, without regard to any extension of time for filing that return. Interest on any overpayment of Village income tax shall be paid at the rate of interest prescribed by Sections 718.12 and 5703.47 of the Revised Code.
(c) Amounts Less Than One Dollar. Amounts of less than one dollar ($1.00) shall not be collected or refunded. (Ord. 2007-55. Passed 12-11-07.)