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)