(A) An application to refund to a taxpayer the amount of taxes paid on any illegal, erroneous, or excessive payment of tax under sections 171.30 to 171.45 of the Troy Codified Ordinances, including assessments, shall be filed with the tax commissioner within three years after the date of the illegal, erroneous, or excessive payment of the tax, or within any additional period allowed by division (A) of section 171.40 of the Troy Codified Ordinances. The application shall be filed in the form prescribed by the tax commissioner.
(B) (1) On the filing of a refund application, the tax commissioner shall determine the amount of refund to which the application is entitled. The amount determined shall be based on the amount overpaid per return or assessment. If the amount is greater than ten dollars and not less than that claimed, the commissioner shall certify that amount to the director of budget and management and the treasurer of state for payment from the tax refund fund created in section 5703.052 of the Ohio Revised Code. If the amount is greater than ten dollars but less than that claimed, the commissioner shall proceed in accordance with section 5703.70 of the Ohio Revised Code.
(2) Upon issuance of a refund under this section, the commissioner shall notify the City of Troy of the amount refunded to the taxpayer attributable to the City of Troy corporation, which shall be deducted from the City of Troy's next distribution under section 718.83 of the Ohio Revised Code.
(C) Any person of a refund determined under division (B) of this section that is not issued within ninety days after such determination shall bear interest at the rate per annum prescribed by section 5703.47 of the Ohio Revised Code from the ninety-first day after such determination until the day the refund is paid or credited. On an illegal or erroneous assessment, interest shall be paid at that rate from the date of payment on the illegal or erroneous assessment until the day the refund is paid or credited.
(Ord. 15-2018. Passed 3-5-18.)