In the event any person required to have a license under this chapter fails to file a report of the quarterly production and shipment of oil from his wells as provided in Section 5.12.040, or that the information filed in such report is insufficient to enable the tax collector to compute the license tax liability of such person, the tax collector shall, by such method as he may deem appropriate, estimate the amount of the tax due from the person. Notice thereof may be sent by the tax collector to such person by registered mail at his latest address as shown on the city's records, and, unless within thirty days thereafter a proper statement is filed by such person with the tax collector, the estimate shall become a final and binding determination of the amount of the tax.
(Prior code § 5.08.040(G) (Ord. 533 § 2 (part), 1962: Ord. 494 § 42.5 (g), 1960))