(A) The Chief Financial Officer shall have the authority to extend the time of filing the license fee return, and the extension shall be at his or her sole discretion. The requests for extension must contain a written, detailed explanation describing the need for a continuance or a copy of the appropriate federal application for extension, and must be filed with the Chief Financial Officer prior to the due date for the license fee return. Penalties as prescribed in § 110.99 shall apply unless application for extension is accompanied by payment of:
(1) An estimated fee in an amount not less than 90% of the total fee as finally determined;
(2) An estimated fee in an amount equal to the total liability for the most recent year; and
(3) In no case shall the estimated fee paid with the extension be less than the minimum $250 fee.
(B) If the time for filing a return is extended, the business shall pay, as part of the tax, an amount equal to 12% per annum simple interest on the tax shown due on the return, but not previously paid, from the time the tax was due until the return is actually filed and the tax paid to the city. A fraction of a month is counted as an entire month.
(Ord. 16-2007, passed 6-19-2007)