Chapter 75 FINANCE AND TAXATION.
75-28 RESTAURANT MEALS EXCISE TAX - REPORT OF TAXES COLLECTED
A.
It shall be the duty of every person required by this
ordinance to pay to the Town the taxes imposed by this ordinance to
make a
report thereof not later than the twentieth (20th) day of
the month
following the collection of such taxes from customers setting forth
such
information as the Director of Finance may prescribe and require,
including all
purchases taxable under this ordinance, the amount charged the
purchaser for
each such purchase, the date thereof, the taxes collected thereon and
the
amount of tax required to be collected by this ordinance. Such
records
shall be kept and preserved for a period of five (5) years. The
Director
of Finance or his duly authorized agents shall have the power to
examine such
records at reasonable times and without unreasonable interference with
the
business of such person, for the purpose of administering and enforcing
the
provisions of this ordinance, and to make transcripts of all or any
parts
thereof.
B.
Payment of the
taxes so collected shall be remitted with the monthly report. Any
person
required by this ordinance to pay to the Town the taxes imposed by this
ordinance who shall fail or refuse to make the monthly report within
the time
required or to remit the tax in the amount required, as provided by
this
Article, shall be required to pay a penalty in the amount of ten
percent (10%)
of the total tax due. In the event the remittance remains delinquent
for more
than one (1) month, the penalty shall increase five percent (5%) per
month, for
each month thereafter until paid, up to a maximum of twenty-five
percent (25%)
of the delinquent taxes collected but not remitted.
(Ord.
No. 14-05 Amended/Added
(B) 6-27-05-Effective 7-1-05)