(A) All taxes imposed by this chapter shall he collectible, together with any interest and penalties thereon, by suit as other debts of like amount as recoverable. No additional assessment shall be made after three years from the time of payment of any tax due hereunder except as provided in division (B) below; and further provided, that there shall be no period of limitation on an additional assessment in a case of a return that omits gross income in excess of 25% of that required to be reported, or in the case of filing a false or fraudulent return with intent to evade the tax, or in the case of failure to file a return. In other cases in which the Director of Internal Revenue and the taxpayer have executed a waiver of the federal statute of limitations, the period within which an additional assessment may be made by the Tax Commissioner shall be extended three years from the time of the final determination of the federal tax liability.
(B) All delinquent tax accounts outsourced by the village to a law firm or collection agency shall be assessed a collection fee on the entire balance due equal to the contingency collection percentage charged by each law firm or collection agency as set forth in the collection contract with the village. The balance due prior to the assessment of the collection fee shall be the principle balance due plus interest, penalties, late fees, and/or other permissible fines, penalties and charges. The collection fee shall be assessed against all payments made by the taxpayer whether or not the balance due is paid in full with one payment, or over time with more than one payment. The assessment of the collection fee shall be made by the law firm or collection agency after the delinquent account has been outsourced for collection. Additionally, court costs shall be added to the balance due as they are incurred but shall not be assessed a collection fee.
(Ord. 1973-7-14, passed 9-11-73; Am. Ord. 2011-9-16, passed 10-11-11)