A. Every taxpayer shall, on a monthly basis, file with the director a return containing the following information:
1. Taxpayer's name;
2. Address of taxpayer's principal place of business;
3. The gross receipts of taxpayer during the month covered by the report or return, upon which the tax imposed by this chapter is based;
5. Amount of tax; and
6. Such other reasonable information as the director may require.
B. The taxpayer’s return shall be filed with the director on or before the last day of the month following the month for which the return is made.
C. The taxpayer making the return shall, at the time of transmitting such return to the finance director, pay to the Village, the amount of tax imposed under this chapter; provided that in connection with any return the taxpayer may, at the taxpayer’s election, report and pay an amount based on the total billings of business subject to the tax during the period for which the return is made (exclusive of any amounts previously billed) with prompt adjustments of later payments based on any differences between such billings and the taxable gross receipts.