The earned income tax imposed by this chapter shall be collectible, together with any interest or penalties thereon, by suit, as other debts of like amount are recoverable. Except in the case of fraud or omission of a substantial portion of taxable income, or of failure to file a return, the Administrator shall not make an additional assessment after three years from the time the return was due or filed, whichever is later. However, if a Commissioner of Internal Revenue and a taxpayer have executed a waiver of the Federal statute of limitations, the period within which the Administrator may make an additional assessment shall be one year from the time of the final determination of the Federal tax liability.
(Ord. 1967-7. Passed 3-1-67.)