Collectors shall complete and file required returns and remit the tax collected in accordance with the following schedule.
(A) MONTHLY. Taxes collected by the collector shall be paid to the City by the fifteenth (15th) of the month following the calendar month in which the taxes were collected. To qualify for the compensatory collection discount per § 6.44.100, payments must be paid or postmarked by the fifteenth (15th) of each month. If a collector fails to file or is late in filing returns for three or more months, the City Clerk may require the collector to submit returns and payment on a weekly basis.
(B) SALE OF BUSINESS ASSETS TO ANOTHER. A collector who sells their business, business inventory, or accounts receivable to another, shall make a final raw seafood 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 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 the taxes, penalties and interest owed by the seller of the business, business inventory, or accounts receivable 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.
(C) 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.
(D) FILINGS TO BE CONTINUOUS. A collector which has filed a tax return will be presumed to be purchasing raw seafood product in successive months unless that collector files a return showing termination or sale of the business.
(Ord. No. 2003-05, passed 5-6-03)