Where a mathematical error appears on a return (including an overstatement of the credit for the amount paid as a quarterly instalment), the Director of Finance shall correct such error and notify the taxpayer, in writing, of the mistake and the deficiency in the tax. The taxpayer shall have ten (10) days after receipt of such notice within which to pay such deficiency. If the taxpayer fails to pay such deficiency within ten (10) days, the Director of Finance shall make an assessment of such deficiency in accordance with Section 745.26 and shall give the taxpayer written notice thereof.
If the taxpayer files a mathematically correct fourth quarter return which reflects a balance due of the tax administered under this article, and if full payment thereof has not been made, the Director of Finance shall notify the taxpayer, in writing, of the amount of tax, penalties, and interest due. The taxpayer shall have ten (10) days after receipt of such notice within which to make such payment. If the taxpayer fails to make payment within such ten day period, the Director of Finance shall proceed to collect the amount due.
(Ord. 1-7-03.)