§ 3-1.127. Adjustments and refunds.

Adjustments and refunds to the business tax may be required due to variances between the reported and actual gross receipts as well as the termination of the business during the calendar or fiscal year.

Any adjustment for the business tax shall be credited to the following year's tax where an overpayment has been made, except when the business has been discontinued or when the overpayment exceeds the amount determined by resolution of the Council as the ceiling for credits to be applied. For such overpayments, that portion of the overpayment which is not credited to the following year's tax shall be refundable upon the approval of the Finance Director. Where a refund of the business tax paid is requested, the cost of the issuance of a business tax receipt shall not be refundable. Such amount shall be established by resolution of the Council.

(§ 1, Ord. 554, eff. January 11, 1984)