(A) An overpayment of any tax collected pursuant to § 121.01 may be refunded within two years of the date prescribed by law for the filing of a return or the date the money was paid to the Revenue Commission, whichever is later.
(B) Refunds will only be paid, or credits made, only if (i) timely requested by the taxpayers described in § 121.02(B) within the two year limitation contained in this section, (ii) if applicable, the taxpayer is in compliance with the registration requirements in §§ 115.515, 115.516 and 115.517, and (iii) additional tax obligations for other periods have been satisfied by the requesting taxpayer.
(C) The request for a refund shall be made to the Revenue Commission in writing and shall state the amount requested, the applicable period, the basis for the request, and any other information the Revenue Commission reasonably requires. The taxpayer shall also state whether the tax was surcharged to its customers, and if so, document that those amounts were refunded to its customers. The Revenue Commission is authorized to promulgate administrative policies regarding the filing and verification of any refund requests.
(D) Exclusive authority to refund or credit overpayments of taxes collected pursuant to § 121.01 is vested with the Revenue Commission.
(Lou. Metro Ord. No. 138-2020, approved 11-11-2020)