If the taxpayer shall make any error in computing the tax, interest and penalty under this article, the City Recorder shall correct such error or reassess the proper amount of tax, interest and penalty, and notify the taxpayer of his or her action by mailing the taxpayer promptly a copy of the corrected assessment, and any additional tax, interest and penalty for which such taxpayer may be liable shall be paid within fifteen (15) days after the receipt of such assessment. If the amount already paid exceeds that of 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 request of the City Recorder and shall be payable out of any funds available for that purpose. The taxpayer may, at its election, apply an overpayment as credit upon tax subsequently accrued hereunder.
Date of remittance shall be based upon the date that each of the quarterly returns are filed and not the date of filing of the annual return.
(Passed 9-14-09)