When a mathematical error appears on the face of the return, including an overstatement of the credit for the amount paid as a quarterly installment, the City Clerk shall correct such error and notify the taxpayer in writing of the deficiency in the tax. The taxpayer shall have fifteen days after receipt of such notice within which to pay such deficiency. If the taxpayer fails to make payment within such fifteen day period, the City Clerk shall make an assessment of such deficiency in accordance with Section 757.25 or Section 757.26 and shall give the taxpayer written notice thereof as provided in Section 757.28.
If the amount paid exceeds that which should have been paid on the basis of the tax so recomputed, the excess so paid shall be immediately refunded to the taxpayer upon the requisition of the City Clerk and shall be paid out of any funds available for that purpose. The taxpayer may, at his election, apply any overpayment credit to taxes subsequently accruing under this article.
If a taxpayer files a mathematically correct return which reflects a balance due of the tax chargeable under this article, and if full payment thereof has not been made, the City Clerk shall notify the taxpayer, in writing, of the amount of tax, penalties and interest due. The taxpayer shall have fifteen days after receipt of such notice within which to make such payment.
If the taxpayer fails to make payment within such fifteen day period, the City Clerk shall proceed to collect the amount due as provided in this article.
(Ord. 77-30. Passed 12-19-77.)