Collectors shall complete and file required returns and remit the tax collected in accordance with the following schedule.
(A) QUARTERLY. Unless as otherwise provided for in this Section, collectors shall on or before the last day of the month succeeding the end of each quarter year ending March 31, June 30, September 30, and December 31, prepare a return for the preceding quarter year upon forms furnished by the City. Returns shall be filed personally at City Hall by five (5) p.m. or postmarked on the last day of the month following the end of each quarter year. In the event the last day of the month falls on a legal holiday or weekend, then the return may be filed on the first business day following.
(B) ITINERANT SELLER. A person doing business within the City who is liable for an itinerant nonresident business license on less than an annual basis, shall file a sales tax return and remit in full the tax shown as due within twenty-four (24) hours following the expiration of their license, but in any event prior to leaving the City.
(C) SALE OF BUSINESS ASSETS TO ANOTHER. A collector who sells their business, business inventory, or accounts receivable to another shall make a final sales tax return within fifteen (15) days after the date of sale. The purchaser of the business, business inventory, or accounts receivable shall withhold a portion of the purchase money sufficient to pay the sales tax, penalties and interest that may be due until the seller displays a receipt from the City showing that all tax obligations imposed by this Chapter have been paid. If any purchaser of a business, business inventory, or accounts receivable fails to withhold this sum, the purchaser shall be personally liable for the taxes, penalties and interest owed by the seller to the City. The City may continue to make efforts to collect the tax from the person or entity who owned the business or accounts receivables at the time the liability was incurred.
(D) UPON TERMINATION OF BUSINESS ACTIVITIES. If a collector terminates their business without the benefit of a purchaser, successor, successors or assigns, the collector shall make a final return and settlement of tax obligations within fifteen (15) days of the termination of business.
(E) FILINGS TO BE CONTINUOUS. A collector which has filed a sales tax return will be presumed to be making sales in successive quarters unless that collector files a return showing termination or sale of the business.
(Am. Ord. No. 2003-05, passed 5-6-03; Am. Ord. 2020-07, passed 4-28-20)