(a) In a form satisfactory to the Finance Director, there shall be submitted with each return filed by a taxpayer subject to the Federal income tax, a reconciliation between the amount shown in the return filed with the Finance Director and the business income reported to the Federal Internal Revenue Department.
(b) If, as a result of a change made in business income by the Federal Internal Revenue Department, or by a judicial decision, an additional amount will result as owing to the Municipality , a report of such change shall be filed by the taxpayer within 30 days after receipt of the final notice of such change from the Federal authorities or after final decision of a court adjudicating any such Federal income tax liability.
(Res. 128. Passed 9-3-68.)