(A) The Commission may grant any business entity an extension of time for the filing of its return, of not more than six months (unless a longer extension has been granted by the Internal Revenue Service and agreed to by the Commission).
(B) Such extension shall be by written request filed with the Commission by the business entity or his or her designated representative made on or before the date upon which the return is due and must be accompanied by an occupational license tax payment in an amount not less than 90% of the total occupational license tax as finally determined or estimated payments of 90% of the license tax obligation must be on file at the time the extension is requested. A copy of the federal extension can be filed with the Commission. However, a filing of a request with the federal or state government does not satisfy the requirement of written request to the Commission.
(C) If the time for filing a return is extended, the business entity shall pay, as part of the tax, an amount equal to 12% percent 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 Commission.
(1994 Jeff. Code, § 110.08) (Jeff. Ord. 10-1986, adopted and effective 6-24-1986; Jeff. Am.Ord. 13-1989, adopted and effective 6-28-1989; Lou. Metro Am. Ord. No. 218-2007, approved 10-15-2007; Lou. Metro Am. Ord. No. 110-2008, approved 6-30-2008) Penalty, see §110.99