A. On or before the last day of February, 1987, each taxpayer shall make a return to the city comptroller for that portion of the month of January, 1987, stating:
1. Its name;
2. Its principal place of business;
3. Its gross receipts during those months upon the basis of which the tax is imposed;
4. Amount of tax;
5. Such other reasonable and related information as the corporate authorities may require;
and on or before the last day of each and every month thereafter, each taxpayer shall make a like return to the city comptroller for the previous month's gross receipts and the other information required above.
B. The taxpayer making the return herein provided for shall, at the time of making the return, pay to the city comptroller the amount of tax herein imposed; provided that, in connection with any return, the taxpayer may, if he so elects, report and pay an amount based upon his total billings of business subject to the tax during the period for which the return is made (exclusive of any amounts previously billed) with prompt adjustments of later payments based upon any differences between such billings and the taxable gross receipts.
(Ord. 86-12 § 6, 1986).