(a) No determination of tax due and owing may be issued more than four years after the end of the calendar year for which the return for the applicable period was filed or for the calendar year in which the return for the applicable period was due, whichever occurs later.
(b) If any tax return is not filed or if during any four year period for which a notice of tax determination or assessment may be issued by the Village, the tax paid was less than seventy-five percent of the tax due, the statute of limitations shall be six years maximum after the end of the calendar year in which return for the applicable period was due or end of the calendar year in which the return for the applicable period was filed.
(c) If a fraudulent tax return was filed by the taxpayer, there shall be no limit on the time period within which the Village can issue a notice of tax determination or assessment for the period covered by the fraudulent return.
(Ord. 1064. Passed 12-27-00.)