(A) Application. A taxpayer may file an application, on a form prepared by the city, with the City Tax Administrator for a voluntary disclosure of the tax due for any city tax that a taxpayer has not received a written notice of an audit, investigation or assessment from the City Tax Administrator.
(B) Payment and interest required. A taxpayer who files a voluntary disclosure application must agree to pay the amount of the city tax due, plus interest of 1% per month, for all periods prior to the filing of the application, but not more than four years before the date of filing the application.
(C) No extra liability. Except for the payment of the full amount of tax and interest due under this section, a taxpayer filing a valid voluntary disclosure application shall not be liable for any additional tax, interest or penalty for any period before the date the application was filed; provided, however, that if the taxpayer incorrectly determined and underpaid the amount of tax due as provided in this section, then the taxpayer is liable for the underpaid tax along with applicable interest on the underpaid tax. If the underpayment was the result of fraud on the part of the taxpayer, then the application shall be deemed invalid and void.
(D) Time limitation for payment. The payment of tax and interest required under this section shall be made within 90 days after the filing of the voluntary disclosure application, or the date agreed to in writing by the City Tax Administrator, whichever is longer. However, any additional amounts owed as a result of an underpayment of tax and interest previously paid under this section must be paid within 90 days after a final determination and the exhaustion of all appeals of the additional amount owed, or the date agreed to by the City Tax Administrator, whichever is longer.
(Prior Code, § 39-88) (Ord. 00-47, passed 12-4-2000)